摩根大通：关税严重冲击美国中型企业

Core Insights - The report from JPMorgan Research indicates that U.S. mid-sized enterprises have been significantly impacted by tariffs, with monthly tariff expenditures tripling since early 2025 [1] Summary by Categories Tariff Impact - Monthly tariff expenditures for U.S. mid-sized enterprises began to rise sharply from April 2025, reaching approximately three times the levels seen in April by August [1] - Overall, tariffs account for about 10% of the international expenditures of all mid-sized enterprises in the U.S. [1] - For mid-sized enterprises that pay tariffs, the proportion of tariff expenditures relative to their international spending has increased to around 15% [1]