JPMorgan Chase Warns US Consumers Will Shoulder 60% of Tariff Costs – But Yale Predicts It Will Be Higher

Banking behemoth JPMorgan Chase says the higher tariffs that President Donald Trump imposed on America’s trading partners will mostly affect US consumers. In a CNBC interview, JPMorgan Asset Management global markets strategist Meera Pandit says consumers will bear a larger share of tariff costs, carrying more of the financial burden than businesses. source: https://dailyhodl.com/2025/08/11/jpmorgan-chase-warns-us-consumers-will-shoulder-60-of-tariff-costs-but-yale-predicts-it-will-be-higher/