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

Published

3 weeks ago

August 14, 2025

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 Thursday that its producer price index — which measures inflation before it hits consumers— rose 0.9% last month from June, biggest jump in more than three years. Compared with a year earlier, wholesale prices rose 3.3%.

The numbers were much higher than economists had expected.

Prices rose faster for producers than consumers last month, suggesting that U.S. importers may, for now, be eating the cost of Trump’s tariffs rather than passing them on to customers.

That may not last.

“It will only be a matter of time before producers pass their higher tariff-related costs onto the backs of inflation-weary consumers,” wrote Christopher Rupkey, chief economist at fwdbonds, a financial markets research firm.

Excluding volatile food and energy prices, so-called core producer prices rose 0.9% from June, biggest month-over-month jump since March 2022. Compared with a year ago, core wholesale prices rose 3.7% after posting a 2.6% year-over-year jump in June.

Wholesale food prices rose 1.4% from June, led by a 38.9% surge in vegetable prices. The price of home electronic equipment gained 5% from June. Both are heavily imported in the U.S.

But some aspects of Thursday’s producer price report were puzzling, including a big jump in profit margins at retailers and wholesalers. Economist Stephen Brown at Capital Economics found the increase “to put it lightly, counterintuitive given the anecdotal evidence that firms are absorbing the lion’s share of tariff increases in margins.’’

Trump’s tariffs have generated considerable uncertainty about the U.S. economy, the world’s largest, which could explain some seemingly contradictory trends. Trump has negotiated trade agreements with several major U.S. trading partners, including the European Union and Japan. But the details have not been published, leaving businesses uncertain about where tariff rates will end up and therefore whether and how they should adjust their own prices.

The fallout from the tariffs has also been delayed because many importers stockpiled products before the taxes took effect. Those inventories are diminishing, however.

What’s more, the U.S. courts are hearing a challenge to Trump’s most sweeping tariffs and could strike them down.

The wholesale inflation report two days after the Labor Department reported that consumer prices rose 2.7% last month from July 2024, same as the previous month and up from a post-pandemic low of 2.3% in April. Core consumer prices rose 3.1%, up from 2.9% in June. Both figures are above the Federal Reserve’s 2% target.

The new consumer price numbers suggest that slowing rent increases and cheaper gas are partly offsetting the impacts of Trump’s tariffs. Many businesses are also likely still absorbing much of the cost of the duties instead of passing them along to customers via higher prices.

The producer and consumer inflation numbers are both issued by the Labor Department’s Bureau of Labor Statistics, which is already in Trump crosshairs.

After the BLS issued a disappointing jobs report for July, Trump fired the director of the BLS, groundlessly accusing the bureau of rigging the numbers for political reasons. Trump then nominated a partisan idealogue to replace her, raising fears of political interference in economic data that investors, policymakers, businesses and the Federal Reserve rely on to make decisions.

Thursday’s report is likely to complicate decisions for the Fed. After an ominous July jobs report – which also showed that hiring was much weaker than originally reported in May and June – the central bank was widely expected to cut interest rates at its meeting next month in a bid to recharge hiring.

The Fed has drawn Trump’s ire for not cutting interest rates already. Under Chair Jerome Powell, it had been delaying rate cuts until better understood the impact of Trump’s tariffs on inflation. “This report is a strong validation of the Fed’s wait-and-see stance on policy changes,’’ Carl Weinberg, chief economist at High Frequency Economics, wrote in a commentary Thursday. “It will mean a markdown of market expectations for a September rate cut.’’

Wholesale prices can offer an early look at where consumer inflation might be headed. Economists also watch it because some of its components, notably measures of health care and financial services, flow into the Federal Reserve’s preferred inflation gauge — the personal consumption expenditures, or PCE, index.

The PCE inflation numbers for July are due out Aug. 29.

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Yoshinobu Yamamoto no-hit bid broken up by Jackson Holliday homer in 9th inning, sparking Orioles walk-off

Published

59 minutes ago

September 7, 2025

Kari Anderson

Yoshinobu Yamamoto was this close to getting the first no-hitter of the 2025 MLB season. Instead, the Los Angeles Dodgers blew a 3-0 lead and allowed the Baltimore Orioles to get a gutting walk-off win.

Yamamoto was one out from making history, going hitless through 8.2 innings. But Baltimore Orioles second baseman Jackson Holliday had other plans: The 21-year-old broke up the no-no at the last second, with a solo homer to deep right field in the bottom of the ninth.

Yamamoto, who had racked up 112 pitches, was immediately taken out of the game and replaced by reliever Blake Treinen. He received a standing ovation as he exited.

But Yamamoto couldn’t even record a win on the game. With Treinen on the mound, the Orioles filled the bases, giving Baltimore another run after a walk. Tanner Scott, who replaced Treinen, then blew the save, allowing Emmanuel Rivera to get a walk-off RBI single that sent Jorge Mateo and Gunnar Henderson home.

Even with the homer, Yamamoto had a career night, throwing 10 strikeouts in the outing. He also passed seven innings for the first time in his MLB career, nearly getting his first complete game since joining the Dodgers in 2024.

Prior to allowing Holliday’s homer in the ninth, Los Angeles built up a 3-0 lead behind a Shohei Ohtani RBI single in the third and a pair of RBIs (a single and a triple) from Mookie Betts in the fifth and seventh innings.

In the end, that wasn’t enough, as the Orioles took advantage in the ninth inning to get a dramatic walk-off win.

Though it would have been Yamamoto’s first MLB no-hitter, he’s accomplished the feat twice before in his career: The 27-year-old threw no-hitters in two consecutive seasons in Nippon Professional Baseball, while playing for the Orix Buffaloes.

Instead, the Dodgers will have to contend with their fifth straight loss. After being swept by the Pittsburgh Pirates last week, Los Angeles is in danger of the same thing happening in Baltimore.

Despite a number of close calls, MLB still hasn’t seen its first no-hitter of the year, even as the season reaches September. Texas Rangers ace Jacob DeGrom got close in June, but it was broken up in the eighth; that same month, Cincinnati Reds starter Nick Martinez had his bid dashed in the ninth. The New York Yankees spoiled a no-hit bid from the Seattle Mariners’ Bryan Woo in July, and the New York Mets’ Juan Soto’s ninth-inning homer broke up a near no-hitter from Cleveland Guardians righty Gavin Williams in August. A few weeks ago, the Orioles nearly got a perfect game from rookie Brandon Young that was spoiled in the eighth.

Compare this to last year, where there were four no-hitters, including a combined no-no last September from the Chicago Cubs. For now, the league will just have to keep waiting.

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Creative Arts Emmys 2025 Winners List

Published

2 hours ago

September 7, 2025

Lynette Rice

Julianne Nicholson (Hacks), Bryan Cranston (The Studio) and Merritt Wever (Severance) were among the winners during night one of 2025 Creative Arts EmmyAwards at the Peacock Theater in downtown Los Angeles.

Emmys were also given to Arcane for Outstanding Animation, The Pitt, The Studio and Adolescence for casting and to The Penguin for hairstyling, costumes, prosthetic makeup, visual effects, sound editing and sound mixing. Andor also racked up trophies for costumes, production design, picture editing and special visual effects.

Maya Rudolph kicked off night one by saying, “This is the real Emmys. This is the Emmys for the people who make all the magic happen … this is a room full of talented baddies.”

One of the highlights of the night was when Bridgerton took the Emmy for Outstanding Costumes and winner John Walter Glaser’s pants kept falling down (but not to his knees, mercifully). And Desi Lydic, who won in the Performer in a Short Form Comedy category, admitted to having to watch “too much Fox News” to win the award. She went on to thank “the Deep State” TV Academy.

And Hacks‘ Robby Hoffman vaped on stage before announcing the winner for cinematography.

The Creative Arts Emmys will continue Sunday with an additional 49 statues to be distributed in the writing, casting, makeup and picture editing categories.

The Creative Arts Emmys won’t air live, but they are set to run on FXX Saturday, Sept. 13 at 8 p.m. ET and PT, the night before the Primetime Emmys. The Creative Arts Emmys will also be available to stream on Hulu until Oct. 7.

Here are the winners from night one. Keep refreshing for the latest:

GUEST ACTRESS IN A COMEDY SERIES
Julianne Nicholson, Hacks

CONTEMPORARY MAKEUP (NON-PROSTHETIC)
The Penguin

PROSTHETIC MAKEUP
The Penguin

PERIOD OR FANTASY/SCI-FI MAKEUP (NON-PROTHETIC)
House of the Dragon

PERIOD COSTUMES
Bridgerton

CONTEMPORARY COSTUMES FOR A SERIES
The Studio

CONTEMPORARY COSTUMES FOR A LIMITED OR ANTHOLOGY SERIES OR MOVIE
The Penguin

FANTASY/SCI-FI COSTUMES
Andor

PERIOD OR FANTASY/SCI-FI HAIRSTYLING
Bridgerton

CONTEMPORARY HAIRSTYLING
The Penguin

PRODUCTION DESIGN FOR A NARRATIVE CONTEMPORARY PROGRAM (ONE HOUR OR MORE)
Severance

PRODUCTION DESIGN FOR A NARRATIVE PROGRAM (HALF-HOUR)
The Studio

PRODUCTION DESIGN FOR A NARRATIVE PERIOD OR FANTASY PROGRAM (ONE-HOUR OR MORE)
Andor

CASTING FOR A DRAMA SERIES
The Pitt

GUEST ACTOR IN A COMEDY SERIES
Bryan Cranston, The Studio

CASTING FOR A COMEDY SERIES
The Studio

CASTING FOR A LIMITED OR ANTHOLOGY SERIES OR MOVIE
Adolescence

STUNT COORDINATION FOR COMEDY PROGRAMMING
The Righteous Gemstones

STUNT COORDINATION FOR DRAMA PROGRAMMING
The Boys

STUNT PERFORMANCE
The Boys

ANIMATED PROGRAM
Arcane

CHARACTER VOICE-OVER PERFORMANCE
Julie Andrews, Bridgerton

INDIVIDUAL ACHIEVEMENT IN ANIMATION (juried)
Arcane, background design
Arcane, color
Love, Death + Robots, Production Design
Love, Death + Robots, Character Animation
Love, Death + Robots, Character Design

CHOREOGRAPHY FOR SCRIPTED PROGRAMMING
Étoile

PICTURE EDITING FOR A SINGLE-CAMERA COMEDY SERIES
The Studio

PICTURE EDITING FOR A MULTI-CAMERA COMEDY SERIES
Frasier

GUEST ACTRESS IN A DRAMA SERIES
Merritt Wever, Severance

PICTURE EDITING FOR A DRAMA SERIES
Andor

PICTURE EDITING FOR A LIMITED OR ANTHOLOGY SERIES OR MOVIE
Monsters: The Lyle & Erik Menendez Story

SPECIAL VISUAL EFFECTS IN A SEASON OR A MOVIE
Andor

TITLE DESIGN
Severance

SPECIAL VISUAL EFFECTS IN A SINGLE EPISODE
The Penguin

MOTION DESIGN (juried)
Octopus!

SOUND EDITING FOR A COMEDY OR DRAMA SERIES
The Last of Us

SOUND EDITING FOR A LIMITED OR ANTHOLOGY SERIES, MOVIE OR SPECIAL
The Penguin

SOUND EDITING FOR A COMEDY OR DRAMA SERIES (HALF-HOUR)
The Studio

SOUND EDITING FOR AN ANIMATED PROGRAM
Arcane

SOUND MIXING FOR A LIMITED OR ANTHOLOGY SERIES OR MOVIE
The Penguin

SOUND MIXING FOR A COMEDY OR DRAMA SERIES (ONE HOUR)
Severance

SOUND MIXING FOR A COMEDY OR DRAMA SERIES (HALF-HOUR) AND ANIMATION
The Studio

PERFORMER IN A SHORT FORM COMEDY OR DRAMA SERIES
Desi Lydic, The Daily Show

MUSIC COMPOSITION FOR A SERIES (ORIGINAL DRAMATIC SCORE)
Severance

MUSIC COMPOSITION FOR A LIMITED OR ANTHOLOGY SERIES, MOVIE OR SPECIAL (ORIGINAL DRAMATIC SCORE)
The Penguin

ORIGINAL MAIN TITLE THEME MUSIC
The White Lotus

MUSIC SUPERVISION
The Studio

ORIGINAL MUSIC AND LYRICS
The Boys, “Let’s Put the Christ Back in Christmas”

CINEMATOGRAPHY FOR A SERIES (HALF-HOUR)
The Studio

CINEMATOGRAPHY FOR A SERIES (ONE HOUR)
Severance

CINEMATOGRAPHY FOR A LIMITED OR ANTHOLOGY SERIES OR MOVIE
Adolescence

GUEST ACTOR IN A DRAMA SERIES
Shawn Hatosy, The Pitt

TELEVISION MOVIE

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Trump administration begins new Ice operation in Massachusetts | Massachusetts

Published

2 hours ago

September 7, 2025

Guardian staff reporter

The Trump administration has targeted Massachusetts as its next location to begin arresting and deporting immigrants, a Department of Homeland Security official confirmed to NBC News on Saturday.

DHS and its US Immigration and Customs Enforcement arm are calling the operation Patriot 2.0, modifying the name of a May deportation surge that led to the arrest of 1,500 people in the state, according to the reports.

A spokesperson for DHS did not immediately respond to a request for comment.

The operation is expected to last several weeks, the New York Times said, quoting unnamed sources with knowledge of the matter. One of the sources told the Times that Patriot 2.0 was focused on targeting immigrants who had been released from custody despite Ice agents attempting to pick them up from local jails.

It was not immediately clear how many federal officers were involved in the crackdown, which comes as Chicago braces for a Trump administration ramp-up of deportations in the third-largest US city.

NBC10 Boston quoted a statement from a DHS spokesperson as deriding the Boston mayor Michelle Wu’s so-called sanctuary policies.

“Sanctuary policies like those pushed by Mayor Wu not only attract and harbor criminals but also place these public safety threats above the interests of law-abiding American citizens. ICE is arresting sex offenders, pedophiles, murderers, drug dealers, and gang members released by local authorities,” the statement reported by NBC10 said.

Tensions between Wu and the Trump administration have been steadily building since March when Wu testified before Congress alongside three other Democratic mayors to defend their cities’ immigration policies – specifically so-called sanctuary city laws that limit state and local law enforcement cooperation with federal Immigration and Customs Enforcement (Ice).

Critics of these policies claim that sanctuary laws undermine federal law enforcement’s ability to arrest and deport individuals with criminal records.

As part of the Trump administration’s crackdown on immigration, it has pushed for mass deportations and targeted “sanctuary cities” in particular.

Wu has defended her city’s policies in a letter to US attorney general Pam Bondi: “The City of Boston is the safest major city in America,” she wrote. “Our progress is the result of decades of community policing and partnership between local law enforcement and community leaders, who share a commitment to making Boston a safe and welcoming home for everyone.”

In response, the acting Ice director, Todd Lyons, said that the agency intended to “flood the zone, especially in sanctuary jurisdictions”.

As the threat of federal actions looms, Wu said last week that her administration was actively preparing for the possibility of a federal national guard deployment.

Wu also said her administration was reviewing relevant legal precedents and working “very closely” with community members “to ensure people know what’s happening and that this is not something that is needed or wanted or legally sound”.

Anna Betts contributed reporting

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