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Whopping $82.3 billion cost? Donald Trump’s tariffs may hit US employers in a big way, says JPMorganChase Institute analysis

IndiaTimes Wednesday, 2 July 2025
A recent report indicates that US employers could face an $82.3 billion bill due to President Trump's tariffs, potentially leading to price increases and layoffs. The JPMorganChase Institute's study challenges claims that tariffs burden foreign manufacturers, highlighting the impact on mid-sized firms reliant on imports.
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News video: Trump’s “Big Beautiful Bill” Passes Congress — Heads to his Desk for July 4th White House Power Play

Trump’s “Big Beautiful Bill” Passes Congress — Heads to his Desk for July 4th White House Power Play 03:22

 In a massive second-term victory, U.S President Donald Trump’s $4.5 trillion “Big Beautiful Bill” has officially cleared the U.S. Congress. Passed by a narrow margin of 218–214 in the House, the legislation delivers sweeping tax cuts, permanent extensions of his 2017 reforms, and major...

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