Trump’s 2025 tariffs to trigger fresh layoffs in 2026 Quartz · An employee at General Dynamics Scranton along the production line. (Aimee Dilger/SOPA Images/LightRocket via ) Joseph Zeballos-Roig Wed, December 3, 2025 at 7:51 PM GMT+5:30 1 min read President Donald Trump's tariffs are biting more and more into companies' bottom line. The barrage of import taxes this year put in place by the Trump administration has contributed to an uncertain business environment due to their on-again, off-again nature.