Skip to content

Top Stories

Top Stories

Primary Menu
  • Breaking News
  • UNIT CONVERTER
  • QR Code Generator
  • SEO META TAG GENERATOR
  • Background Remover Tool
  • Image Enhancer Tool
  • Image Converter Tool
  • Image Compressor Tool
  • Keyword Research Tool
  • Paint Tool
  • About Us
  • Contact Us
  • Privacy Policy
HOME PAGE
  • Home
  • Uncategorized
  • Trump’s tariffs would cost mid-sized U.S. employers $82.3 billion, JPMorganChase Institute study finds
  • Uncategorized

Trump’s tariffs would cost mid-sized U.S. employers $82.3 billion, JPMorganChase Institute study finds

VedVision HeadLines July 2, 2025
Trump’s tariffs would cost mid-sized U.S. employers .3 billion, JPMorganChase Institute study finds



An analysis finds that a critical group of U.S. employers would face a direct cost of $82.3 billion from President Donald Trump’s current tariff plans, a sum that could be potentially managed through price hikes, layoffs, hiring freezes or lower profit margins.

The analysis by the JPMorganChase Institute is among the first to measure the direct costs created by the import taxes on businesses with $10 million to $1 billion in annual revenue, a category that includes roughly a third of private-sector U.S. workers. These companies are more dependent than other businesses on imports from China, India and Thailand — and the retail and wholesale sectors would be especially vulnerable to the import taxes being levied by the Republican president.

The findings show clear trade-offs from Trump’s import taxes, contradicting his claims that foreign manufacturers would absorb the costs of the tariffs instead of U.S. companies that rely on imports. While the tariffs launched under Trump have yet to boost overall inflation, large companies such as Amazon, Costco, Walmart and Williams-Sonoma delayed the potential reckoning by building up their inventories before the taxes could be imposed.

The analysis comes just ahead of the July 9 deadline by Trump to formally set the tariff rates on goods from dozens of countries. Trump imposed that deadline after the financial markets panicked in response to his April tariff announcements, prompting him to instead schedule a 90-day negotiating period when most imports faced a 10% baseline tariff. China, Mexico and Canada face higher rates, and there are separate 50% tariffs on steel and aluminum.

Had the initial April 2 tariffs stayed in place, the companies in the JPMorganChase Institute analysis would have faced additional direct costs of $187.6 billion. Under the current rates, the $82.3 billion would be equivalent on average to $2,080 per employee, or 3.1% of the average annual payroll. Those averages include firms that don’t import goods and those that do.

Asked Tuesday how trade talks are faring, Trump said simply: “Everything’s going well.”

The president has indicated that he will set tariff rates given the logistical challenge of negotiating with so many nations. As the 90-day period comes to a close, only the United Kingdom has signed a trade framework with the Trump administration. India and Vietnam have signaled that they’re close to a trade framework.

There is a growing body of evidence suggesting that more inflation could surface. The investment bank Goldman Sachs said in a report that it expects companies to pass along 60% of their tariff costs onto consumers. The Atlanta Federal Reserve has used its survey of businesses’ inflation expectations to say that companies could on average pass along roughly half their costs from a 10% tariff or a 25% tariff without reducing consumer demand.

The JPMorganChase Institute findings suggest that the tariffs could cause some domestic manufacturers to strengthen their roles as suppliers of goods. But it noted that companies need to plan for a range of possible outcomes and that wholesalers and retailers already operate on such low profit margins that they might need to spread the tariffs costs to their customers.

The outlook for tariffs remains highly uncertain. Trump had stopped negotiations with Canada, only to restart them after the country dropped its plan to tax digital services. He similarly on Monday threatened more tariffs on Japan unless it buys more rice from the U.S.

Treasury Secretary Scott Bessent said in a Tuesday interview that the concessions from the trade talks have impressed career officials at the Office of the U.S. Trade Representative and other agencies.

“People who have been at Treasury, at Commerce, at USTR for 20 years are saying that these are deals like they’ve never seen before,” Bessent said on Fox News Channel’s “Fox & Friends.”

The treasury secretary said the Trump administration plans to discuss the contours of trade deals next week, prioritizing the tax cuts package passed on Tuesday by the Republican majority in the Senate. Trump has set a Friday deadline for passage of the multitrillion-dollar package, the costs of which the president hopes to offset with tariff revenues.



Source link

Continue Reading

Previous: DDC Enterprise Finalizes $528 Million Financing To Accelerate Bitcoin Treasury Strategy
Next: Paramount to pay Trump $16m over 60 Minutes Kamla Harris interview – BBC

Related News

Suspicious Activity Triggers FIU Investigation Into Binance, WazirX
  • Uncategorized

Suspicious Activity Triggers FIU Investigation Into Binance, WazirX

VedVision HeadLines July 13, 2025
US risks financial crisis ahead of midterm elections: former IMF official
  • Uncategorized

US risks financial crisis ahead of midterm elections: former IMF official

VedVision HeadLines July 13, 2025
Will It Blast Through 5,000 Or Slip Back To 0,000?
  • Uncategorized

Will It Blast Through $125,000 Or Slip Back To $110,000?

VedVision HeadLines July 13, 2025

Recent Posts

  • Delhi Confidential: Image change | Delhi Confidential News
  • Suspicious Activity Triggers FIU Investigation Into Binance, WazirX
  • KL Rahul was clinical in his approach and looked in control: Anil Kumble
  • The changing landscape of employment
  • US risks financial crisis ahead of midterm elections: former IMF official

Recent Comments

No comments to show.

Archives

  • July 2025
  • June 2025
  • May 2025
  • April 2025

Categories

  • Current Affairs
  • Shopping
  • Uncategorized

You may have missed

Delhi Confidential: Image change | Delhi Confidential News
  • Current Affairs

Delhi Confidential: Image change | Delhi Confidential News

VedVision HeadLines July 13, 2025
Suspicious Activity Triggers FIU Investigation Into Binance, WazirX
  • Uncategorized

Suspicious Activity Triggers FIU Investigation Into Binance, WazirX

VedVision HeadLines July 13, 2025
KL Rahul was clinical in his approach and looked in control: Anil Kumble
  • Current Affairs

KL Rahul was clinical in his approach and looked in control: Anil Kumble

VedVision HeadLines July 13, 2025
The changing landscape of employment
  • Current Affairs

The changing landscape of employment

VedVision HeadLines July 13, 2025
Copyright © All rights reserved. | MoreNews by AF themes.