JPMorganChase Institute Breaks Down How Tariffs Costs Get Passed Along
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Importers have scrambled a lot over the past year, especially midsize businesses, which often operate on thin margins and are a vital link in supply chains.
First, cargo shippers rushed to stockpile goods before President Donald Trump returned to the White House. Then came surprise fentanyl tariffs on Mexico and Canada — the US’s biggest trading partners. Businesses then scurried to import ahead of the “Liberation Day” tariffs he touted before announcing them April 2.