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U.S. producer prices surge in July as Trump tariffs push costs higher

U.S. producer prices surge in July as Trump tariffs push costs higher
business • 8/14/2025

U.S. wholesale inflation surged unexpectedly last month as President Donald Trump’s sweeping taxes on imports are pushing costs higher.

WASHINGTON (AP) — U.S. wholesale inflation surged unexpectedly last month, signaling that President Donald Trump’s sweeping taxes on imports are pushing costs up and that higher prices for consumers may be on the way. The Labor Department reported Th... [4478 chars]