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Import prices post surprise gain as costs of goods from China hit highest since 2008
Import prices from China have reached their highest level since 2008, posting a surprise monthly gain. This reflects sustained tariff pressures and supply chain cost inflation hitting US importers.
The Wire takeaway
Your cost of goods from China just hit a 18-year high and isn't falling back. If you buy anything from China—or compete against companies that do—your runway just got shorter and your competitors' margins just got thinner.
Read the full story at cnbc.com →
Topics: tariffs · china-trade · import-inflation · supply-chain · cogs-pressure