Tariffs Paid by Midsized US Firms Tripled Last Year, New Analysis From JPMorganChase Institute Shows

WASHINGTON (AP) — 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 — more evidence that President Donald Trump ‘s push to charge higher taxes on imports is causing economic disruption. The additional taxes have meant that companies that employ a combined 48 million people in the U.S. — the kinds of businesses that Trump had promised to revive — have had to find ways to absorb the new expense, by passing it along to customers in the form of higher prices, employing fewer…