00:00A new study shows that tariffs paid by mid-sized U.S. companies roughly tripled last year under President Trump's
00:05import tax policies, significantly increasing their cost of doing business.
00:10These firms, which collectively employ about 48 million Americans, are responding by raising prices for customers, cutting hiring, or shrinking
00:19profits to manage the higher tariff burden.
00:21The sharp increase challenges the president's claims that tariffs mainly impact foreign producers, with evidence suggesting a large share of
00:29the cost is being shouldered by U.S. businesses and passed on to consumers.
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