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

Tariffs paid by midsized U.S. firms tripled last year

Tariffs paid by midsized U.S. businesses tripled over the course of last year, new research tied to one of America’s leading banks showed on Thursday...

Tariffs paid by midsized firms tripled; Fed not ready to cut rates | Hot off the Wire

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'America First' backfires as Trump policy hurts US business and helps China

A new report from the JPMorganChase Institute confirmed that Americans are the ones paying for the higher tariffs President Donald Trump claimed other countries would pay for. The Daily Beast cited the report in a Thursday piece that mid-sized businesses employ around 48 million Americans and account for approximately one-third of gross domestic product (GDP) coming from the private sector. "We identified likely tariff payments made by midsize f…

Tariffs Paid by Midsized Firms Tripled in '25, Analysis Shows

Companies have had to find ways to absorb the new expense by passing it along to customers in the form of higher prices, employing fewer workers or accepting lower profits.

American small business bills tripled due to Trump's tariffs in 2025, JPMorgan finds

“That’s a big change in their cost of doing business,” said Chi Mac, business research director of the JPMorganChase Institute.