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Data from the U.S. Department of Labor reveals that the Producer Price Index (PPI) surged 0.9% month-on-month and 3.3% year-on-year in July, surpassing market forecasts. This indicates that the upstream segment of the U.S. industrial chain is enduring renewed inflationary pressures. U.S. media has highlighted that these tariff-related cost pressures could potentially cascade down the supply chain, leaving many American businesses grappling with the unsustainable burden. Some experts foresee a potential recession for the U.S. economy this year, warning that small and medium-sized enterprises (SMEs) may be hit hardest, facing a significant wave of bankruptcies. Analysts contend that it is merely a matter of time before these increased tariff costs are passed on to consumers by U.S. businesses.
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