The Economic Times

Tariffs paid by midsized US firms tripled last year, new analysis from JPMorganChase Institute shows

New research from JPMorganChase Institute reveals that tariffs paid by midsized U.S. businesses tripled last year, forcing companies to absorb costs through higher prices, reduced hiring, or lower profits. This indicates significant economic disruption from the Trump administration's trade policies, with some businesses shifting supply chains away from China.