CNBC Daily Open: A flat PPI doesn't mean the U.S. is unscathed from tariffs
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 17 2025
0mins
Source: CNBC
U.S. Economic Indicators: The U.S. producer price index remained flat in June, indicating that tariffs may not be impacting wholesale prices as much as anticipated; however, the consumer price index reflects the effects of tariffs on imported goods, particularly in apparel and vehicles.
Corporate Developments: Couche-Tard withdrew its $47 billion bid for Seven & i due to a lack of engagement, while TSMC reported a nearly 61% profit increase driven by demand for AI chips, despite facing challenges from U.S. tariffs.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
