A JPMorganChase Institute analysis estimates that U.S. mid-sized companies could face $82.3 billion in direct costs under President Trump’s proposed tariffs, averaging $2,080 per employee. Businesses in retail and wholesale sectors, particularly reliant on imports, may offset losses through price hikes, layoffs, or reduced profits.
Trump’s Tariffs May Lead to Layoffs, Price Hikes, Warn Economists
According to AP News, the analysis challenges Trump’s claim that foreign suppliers would bear the tariff burden. As the July 9 deadline approaches, trade deals remain limited, with Vietnam and the UK striking preliminary frameworks.
While inflation remains stable for now, experts warn of rising prices as companies begin passing costs to consumers amid ongoing uncertainty in global trade negotiations.
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