Tariffs squeeze American companies' profits, US April PPI "explodes cold".

Wisdom Finance APP learned that the price paid to American manufacturers unexpectedly dropped in April, with the largest decline in 5 years, which largely reflects a decrease in profit margins, indicating that companies are experiencing some impact from the increase in tariffs. Data released by the US Bureau of Labor Statistics on Thursday showed that the Producer Price Index (PPI) fell by 0.5%, while economists had predicted a growth of 0.2%. Excluding food and energy, the PPI dropped by 0.4%, the largest decline since 2015.