Trump's Tariffs Would Cost Employers $82 Billion

[applegrove]

Trump’s Tariffs Would Cost Employers $82 Billion

July 2, 2025 at 11:51 am EDT By Taegan Goddard 101 Comments

https://politicalwire.com/2025/07/02/trumps-tariffs-would-cost-employers-82-billion/

A new JPMorgan Chase analysis finds that a critical group of U.S. employers would face a direct cost of $82.3 billion from President Trump’s current tariff plans, a sum that could be potentially managed through price hikes, layoffs, hiring freezes or lower profit margins, the AP reports.

[ProfessorGAC]

1. This Line Is Silly

...

a sum that could be potentially managed through price hikes, layoffs, hiring freezes or lower profit margins, the AP reports

Layoffs or hiring freezes? Ridiculous.
They're far more likely to just increase prices.
The tariffs will make prices go up, just like every expert said they would. And, the only logical way to "manage" this $80+ billion is to pass the cost on.

[applegrove]

2. Unless AI cuts jobs and wages go down. But yeah it looks like

CEOs are happy to raise prices under the cover of any excuse.

[ProfessorGAC]

3. Obviously We Agree, But...

...using your logic regarding AI & wages, there's nothing to stop them from raising prices anyway, increasing margins, not tolerating lower ones.
Makes the line to which I objected even sillier.

[applegrove]

4. Yes.

[Johonny]

5. Good news Vietnam has agreed to 20% tariffs

Because we pay for it. This is a "deal" in Trump's mind. LOL.