{"id":232909,"date":"2025-07-02T20:42:28","date_gmt":"2025-07-02T20:42:28","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/232909\/"},"modified":"2025-07-02T20:42:28","modified_gmt":"2025-07-02T20:42:28","slug":"trumps-tariffs-could-cost-some-american-employers-us82-3b-analysis-national","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/232909\/","title":{"rendered":"Trump\u2019s tariffs could cost some American employers US$82.3B: analysis – National"},"content":{"rendered":"

An analysis finds that a critical group of U.S. employers would face a direct cost of US$82.3 billion from President Donald Trump\u2019s current tariff plans<\/a>, a sum that could be potentially managed through price hikes, layoffs, hiring freezes or lower profit margins.<\/p>\n

\"\"<\/p>\n

The analysis by the JPMorganChase Institute is among the first to measure the direct costs created by the import taxes on businesses with US$10 million to US$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 \u2014 and the retail and wholesale sectors would be especially vulnerable to the import taxes being levied by the Republican president.<\/p>\n

The findings show clear trade-offs from Trump\u2019s import taxes, contradicting his claims that foreign manufacturers would absorb the costs of the tariffs<\/a> 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.<\/p>\n

Story continues below advertisement<\/p>\n

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 per cent baseline tariff. China, Mexico and Canada face higher rates, and there are separate 50 per cent tariffs on steel and aluminum.<\/p>\n

\t\t\t\t\t\"For<\/p>\n

\t\t\t\t\tGet breaking National news<\/p>\n

For news impacting Canada and around the world, sign up for breaking news alerts delivered directly to you when they happen.<\/p>\n

Had the initial April 2 tariffs stayed in place, the companies in the JPMorganChase Institute analysis would have faced additional direct costs of US$187.6 billion. Under the current rates, the US$82.3 billion would be equivalent on average to US$2,080 per employee, or 3.1 per cent of the average annual payroll. Those averages include firms that don\u2019t import goods and those that do.<\/p>\n

Asked Tuesday how trade talks are faring, Trump said simply: \u201cEverything\u2019s going well.\u201d<\/p>\n

\t\t\t\t\t\t\"Click<\/p>\n

\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t5:12
\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tHow close is Mark Carney to striking a deal on tariffs with U.S. President Donald Trump?\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n

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\u2019re close to a trade framework.<\/p>\n

\n\t\tTrending Now\n\t<\/p>\n