<h1>Former president's tariff plans would cost mid-sized US employers $82.3 billion, averaging $2,080 per employee</h1> An analysis by the JPMorganChase Institute finds that a former president's tariff plans would impose USD 82.3 billion in direct costs on mid-sized US employers with revenues between USD 10 million and USD 1 billion. These companies, employing roughly one-third of private-sector workers, are particularly dependent on imports from China, India, and Thailand. The costs average USD 2,080 per employee or 3.1% of annual payroll. Companies may manage these expenses through price increases, layoffs, hiring freezes, or reduced profit margins, contradicting claims that foreign manufacturers would absorb tariff costs.