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Drudge Retort: The Other Side of the News
Wednesday, July 02, 2025

WASHINGTON (AP) " An analysis finds a critical group of U.S. employers would face a direct cost of $82.3 billion from President Donald Trump's current tariff plans, a sum that could potentially be managed through price hikes, layoffs, hiring freezes or lower profit margins.

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"Had the initial April 2 tariffs stayed in place, the companies in the JPMorganChase Institute analysis would've faced additional direct costs of $187.6 billion.

Under the current rates, the $82.3 billion would be equivalent on average to $2,080 per employee, or 3.1% of the average annual payroll. Those averages include firms that don't import goods and those that do."

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The Fart of the Deal!

#1 | Posted by Corky at 2025-07-02 03:20 PM | Reply

"Suck it, America, I got a kingdom to run"

#2 | Posted by LegallyYourDead at 2025-07-02 03:59 PM | Reply

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