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The Producer Price Index for final demand rose 0.5 percent in April, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices declined 0.1 percent in March and advanced 0.6 percent in February. (See table A.) On an unadjusted basis, the index for final demand moved up 2.2 percent for the 12 months ended in April, the ...
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The Biden Administration is preparing to announce major hikes in tariffs on Chinese clean energy technology and goods, including on electric vehicles, critical minerals, and batteries imported from China, aiming to protect American industry and jobs. Multiple reports in numerous outlets suggested this weekend that the White House will announce this week, ...