{"id":22985,"date":"2025-08-18T03:08:15","date_gmt":"2025-08-18T02:08:15","guid":{"rendered":"https:\/\/www.bordier.com\/?p=22985"},"modified":"2026-03-30T04:06:57","modified_gmt":"2026-03-30T03:06:57","slug":"tariffs-slipping-in-to-supply-side-inflation","status":"publish","type":"post","link":"https:\/\/www.bordier.com\/es\/tariffs-slipping-in-to-supply-side-inflation\/","title":{"rendered":"Tariffs slipping in to supply-side inflation"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"22985\" class=\"elementor elementor-22985\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"has_ae_slider elementor-element elementor-element-8a9542e e-flex e-con-boxed ae-bg-gallery-type-default e-con e-parent\" data-id=\"8a9542e\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-e5ec2ba elementor-widget elementor-widget-heading\" data-id=\"e5ec2ba\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">\/ Weekly Market Update  - <em>18 August 2025<\/em><\/h4>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5aea53f elementor-widget elementor-widget-heading\" data-id=\"5aea53f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Tariffs slipping in to supply-side inflation<\/h1>\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"has_ae_slider elementor-element elementor-element-fecde70 e-flex e-con-boxed ae-bg-gallery-type-default e-con e-parent\" data-id=\"fecde70\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"has_ae_slider elementor-element elementor-element-de9d7a7 e-con-full e-flex ae-bg-gallery-type-default e-con e-child\" data-id=\"de9d7a7\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-3ff8460 elementor-widget__width-initial elementor-widget elementor-widget-heading\" data-id=\"3ff8460\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">US<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5621b7d elementor-widget elementor-widget-heading\" data-id=\"5621b7d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Inflation <em>rose<\/em>, Fed faces heat<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2d6e207 elementor-widget elementor-widget-text-editor\" data-id=\"2d6e207\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Core CPI rose 0.32% in July. Producer prices overshot, but stocks continue its upward trend.<\/p><p>Trump seeks to replace Powell raising independence concerns. Secretary Bessent is calling for aggressive rate cuts citing payroll data.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"has_ae_slider elementor-element elementor-element-169d7db e-con-full e-flex ae-bg-gallery-type-default e-con e-child\" data-id=\"169d7db\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-644d5d5 elementor-widget__width-initial elementor-widget elementor-widget-heading\" data-id=\"644d5d5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Europe<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d07aab4 elementor-widget elementor-widget-heading\" data-id=\"d07aab4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Economy holds, <em>rates stay high<\/em><\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-18759b5 elementor-widget elementor-widget-text-editor\" data-id=\"18759b5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Industrial Production shrinks but GDP holds up.<\/p><p>Market pricing suggests \u2018\u2019higher for longer\u2019\u2019 rates with tariffs seen as less deflationary and Germany\u2019s fiscal boost likely supporting growth.<\/p><p>The 10-year Italian government bond spread over German bunds narrowed to 77bps, the tightest level since 2010.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"has_ae_slider elementor-element elementor-element-19feb3a e-con-full e-flex ae-bg-gallery-type-default e-con e-child\" data-id=\"19feb3a\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-a4eef57 elementor-widget__width-initial elementor-widget elementor-widget-heading\" data-id=\"a4eef57\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Asia<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9a3dfe4 elementor-widget elementor-widget-heading\" data-id=\"9a3dfe4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><em>Delhi\u2013Beijing<\/em> reset<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-28cf462 elementor-widget elementor-widget-text-editor\" data-id=\"28cf462\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Chinese Foreign Minister Wang Yi visits Delhi this week for talks to restore economic ties.<\/p><p>Border trade and direct flights between the countries is also set to resume, with rare earths, fertilizers, and pharma on the table.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"has_ae_slider elementor-element elementor-element-d6eebd4 e-con-full e-flex ae-bg-gallery-type-default e-con e-child\" data-id=\"d6eebd4\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-858692b elementor-widget__width-initial elementor-widget elementor-widget-heading\" data-id=\"858692b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Geopolitics<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e7689cd elementor-widget elementor-widget-heading\" data-id=\"e7689cd\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><em>Ukraine<\/em> war continues, <em>South China Sea<\/em> faces tensions<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-87a32fc elementor-widget elementor-widget-text-editor\" data-id=\"87a32fc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Trump and Putin&#8217;s summit ended last Friday without a ceasefire deal.<\/p><p>Taiwan simulates blockade drills in the South China Sea and China\u2019s military \u201croutine\u201d patrols were \u201cdisrupted\u201d by a joint India\u2013Philippines naval exercise<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"has_ae_slider elementor-element elementor-element-4003ef3 e-con-full e-flex ae-bg-gallery-type-default e-con e-child\" data-id=\"4003ef3\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-cb69e63 elementor-widget__width-initial elementor-widget elementor-widget-heading\" data-id=\"cb69e63\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">FX<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-715cd65 elementor-widget elementor-widget-heading\" data-id=\"715cd65\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">USD <em>mixed<\/em>, USDJPY <em>decline<\/em><\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-80fd527 elementor-widget elementor-widget-text-editor\" data-id=\"80fd527\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>USD weakened following Core CPI but reversed after US PPI data beat estimates.<\/p><p>Yen jumped and JGB yields climbed after US Treasury Secretary Bessent predicted BOJ hikes and big Fed cuts.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"has_ae_slider elementor-element elementor-element-c4528a8 e-con-full e-flex ae-bg-gallery-type-default e-con e-child\" data-id=\"c4528a8\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-19b3000 elementor-widget__width-initial elementor-widget elementor-widget-heading\" data-id=\"19b3000\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Commodity<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-31ba7fe elementor-widget elementor-widget-heading\" data-id=\"31ba7fe\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Oil <em>prices whipsawed<\/em>, gold briefly <em>hit record high<\/em><\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9367077 elementor-widget elementor-widget-text-editor\" data-id=\"9367077\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Brent prices fell then increased last week in anticipation of the summit in Alaska.<\/p><p>A temporary spike in gold prices due to report of a 39% US tariff on Swiss gold bars was short lived.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>A brief recap of the market\u2019s past week, by Bordier Singapore<\/p>\n","protected":false},"author":5,"featured_media":23007,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_robots_primary_cat":"none","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[19],"tags":[151],"news_country":[12],"news_language":[38],"class_list":["post-22985","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-insights","tag-elementor-post","news_country-singapore","news_language-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bordier.com\/es\/wp-json\/wp\/v2\/posts\/22985","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bordier.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bordier.com\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bordier.com\/es\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bordier.com\/es\/wp-json\/wp\/v2\/comments?post=22985"}],"version-history":[{"count":5,"href":"https:\/\/www.bordier.com\/es\/wp-json\/wp\/v2\/posts\/22985\/revisions"}],"predecessor-version":[{"id":23610,"href":"https:\/\/www.bordier.com\/es\/wp-json\/wp\/v2\/posts\/22985\/revisions\/23610"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bordier.com\/es\/wp-json\/wp\/v2\/media\/23007"}],"wp:attachment":[{"href":"https:\/\/www.bordier.com\/es\/wp-json\/wp\/v2\/media?parent=22985"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bordier.com\/es\/wp-json\/wp\/v2\/categories?post=22985"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bordier.com\/es\/wp-json\/wp\/v2\/tags?post=22985"},{"taxonomy":"news_country","embeddable":true,"href":"https:\/\/www.bordier.com\/es\/wp-json\/wp\/v2\/news_country?post=22985"},{"taxonomy":"news_language","embeddable":true,"href":"https:\/\/www.bordier.com\/es\/wp-json\/wp\/v2\/news_language?post=22985"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}