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Tariffs in 2025 are raising prices and costs, causing job losses but helping firms avoid wider layoffs by passing expenses to consumers.
Tariffs imposed in 2025 are driving inflation but may help prevent widespread layoffs, according to Morgan Stanley and other analysts, as companies raise prices to maintain profits amid weakening consumer spending.
Despite inflation adding $1,300 to $1,600 annually to household costs, businesses are using pricing power to offset tariff-driven costs, stabilizing employment.
Unemployment rose to 4.6% with over 1.1 million job losses tied to trade disruptions, but tariff-related price hikes are helping firms preserve margins.
J.P. Morgan estimates tariffs reduce economic output by $69 billion yearly but may support domestic jobs.
Analysts expect most price increases to be absorbed by consumers by early 2026, assuming no new tariffs, allowing companies to maintain employment.
However, continued consumer acceptance of higher prices remains uncertain, and pushback could still trigger layoffs.
Los aranceles en 2025 están elevando los precios y los costos, causando pérdidas de empleos pero ayudando a las empresas a evitar despidos más amplios al pasar los gastos a los consumidores.