Fox Business Analyst Blames Spike in Prices on Trump’s Tariffs: ‘Not What Anyone Wanted to See’

Zachary Leeman Aug 14th, 2025, 11:49 am

Financial analyst Adam Johnson blamed President Donald Trump’s tariffs for a higher-than-expected bump in wholesale inflation.

Johnson joined Fox Business’ Ashley Webster following news that the producer price index jumped 0.9% in July, a bigger increase than was forecasted by many. It was also the biggest jump since 2022.

“Wholesale inflation, so much higher than expected, Adam. What is this?” Webster asked Johnson, the author of the Bullseye Brief and portfolio manager of the Bullseye American Ingenuity Fund.

“Not what we wanted to see, not what anyone wanted to, but I think this is tariffs. And we’re finally seeing tariffs percolate thro

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