Prof G Markets Inflation Ticks Up, U.S. Lifts China Chip Ban & The Department of Defense Teams Up with Big Tech
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Jul 16, 2025 Inflation ticked up by 2.7%, prompting discussions about its impact on interest rates and consumer prices. The tariffs on imports have notably influenced pricing, especially in fresh produce. Meanwhile, NVIDIA and AMD can now resume chip sales to China, highlighting changes in AI chip policies that may ease trade tensions. The U.S. Department of Defense is forging partnerships with tech giants, raising ethical questions as financial incentives drive military collaborations. The shifting dynamics of tech and defense could reshape national security strategies.
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Tariffs Drive Price Increases
- Prices of tariff-exposed imported goods like furniture, toys, and coffee rose notably more than other sectors in June.
- This indicates that tariffs are starting to push consumer prices upward, contributing to inflation.
Tariff Effects Begin Showing
- Initial CPI report shows signs of tariffs gradually raising consumer prices, especially in core goods.
- Inventory stockpiling before tariff enforcement delayed full pass-through of tariff costs to consumers.
US Chip Ban Lifted for China Sales
- The US has lifted chip sales bans to China, benefiting NVIDIA and AMD's revenues.
- The lift seems more like a negotiation tactic rather than a security reconsideration.