Tariffs paid by midsized US firms tripled last year, new analysis from JPMorganChase Institute shows
Tariffs paid by midsized US firms tripled last year, new analysis from JPMorganChase Institute shows is drawing significant interest across the industry.
New research shows midsized U.S. companies pay far more in Trump-era tariffs, and the costs land at home. On Thursday, the JPMorganChase Institute says tariff payments for these firms tripled over the past year. The report says these businesses may have to raise prices, cut hiring, or accept lower profits. Researchers also see signs companies are shifting purchases away from China and toward other parts of Asia. The study adds to other work, including New York Fed research, that says U.S. firms and consumers bear most tariff costs. The White House has sharply criticized that claim.
Experts suggest this could influence future trends and innovation in the sector.
More updates are expected as the story develops.
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