Tariffs: JPMorgan Says You’ll Eat 60% of the Cost – Yale Economists Warn It’ll Be Worse

JPMorgan Admits the Obvious — You’re Picking Up the Tab The suits at JPMorgan Chase are finally admitting what anyone with two brain cells and a grocery receipt already knows: when tariffs go up, you pay for it. President Trump’s latest round of tariffs against America’s so-called “trading partners” isn’t just a geopolitical chest-thump — it’s a silent tax hike dressed in patriotic colors. Meera Pandit, a global markets strategist at JPMorgan Asset Management, spelled it out on CNBC: about 60% of the cost of tariffs will hit consumers directly, while companies supposedly “absorb” the other 40%. But “absorb” is a misleading word here. In corporate-speak, it doesn’t mean they take a loss out of goodwill — it means they…