Rupert Murdoch’s Wall Street Journal just slapped Donald Trump with a stark warning: His tariffs are backfiring and American consumers will soon be picking up the bill.

In an editorial published Thursday, the paper’s editorial board said fresh inflation data showed costs climbing for U.S. producers, undermining the president’s claim that other countries would be paying for his import levies.

Consumer-price data released Tuesday from the Bureau of Labor Statistics showed that the Consumer Price Index rose just 0.2 percent in July and 2.7 percent from a year earlier, suggesting households had yet to feel broad tariff-related price hikes.

But the Producer Price Index (PPI) released Thursday showed wholesale prices climbing faster than economists anticipated, indicating higher consumer pric

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