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Stock impact report

"This Is Just The Very Tip Of The Iceberg" - Spike In Tariffs Paid By US Businesses [zero hedge]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Company Research Source: zero hedge
President Trump is about to get an earful from Americans hurt by the escalating trade war.New data shows, American businesses and consumers just paid a 45% spike in duties, according to Tariffs Hurt the Heartland, a campaign that highlights the negative impacts of President Trump's trade war on US businesses and the economy.Trade data released last Thursday during a town hall meeting in Pennsylvania discussed the tariffs' impacts, featuring distillers, pork producers, frame manufactures, and other industry experts. "For the most recent months available, August 2018, the amount of tariffs paid increased by $1.4 billion -- or 45% -- as compared to tariffs paid in August 2017. Tariff costs in Michigan tripled to $178 million and more than doubled in multiple states -- to $424 million in Texas, $193 million in Illinois, $50 million in Alabama, $29 million in Oklahoma, $23 million in Louisana, and $7.3 million in West Virginia. These costs strain businesses of all sizes but are particularl Show less Read more
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