Market Analysis: Tariffs have clearly not had a significant impact so far.

On September 11, analyst Chris Anstey stated that the core commodity index, excluding new and used cars, rose by 0.13% month-on-month, the lowest level since March. From this indicator, we can again conclude that tariffs clearly have not had a significant impact at present. The peak rise of this indicator occurred in June, at 0.55%. In July, it was 0.22%, so we have already seen a slowdown in growth for two consecutive months. (Jin10)

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