A new JPMorgan Chase analysis finds that a critical group of U.S. employers would face a direct cost of $82.3 billion from President Trump’s current tariff plans, a sum that could be potentially managed through price hikes, layoffs, hiring freezes or lower profit margins, the AP reports.

Wall Street Journal: “The good news has been that layoff activity has remained relatively low, with employers hanging on to workers despite worries about the economy. And wage growth remains decent. But economic uncertainty has slowed the pace of hiring.”

“People who have jobs are keeping them, but those who want jobs are having a tough time finding work. That includes recent high-school and college graduates, people who are back on the job hunt after an absence, and those who have been fired.”

“That has created a stagnant market, where there is little movement even when new jobs are added. It is an environment where a bit more hiring could rekindle job growth, while a slight pickup in layoffs could make the labor market more stuck.”

“Tesla’s global vehicle sales fell 13.5% in the second quarter from a year ago, continuing a steep slide in automotive sales as the company tries to pivot to autonomous vehicles,” the Wall Street Journal reports.

“The electric vehicle maker has struggled to reverse months of declining sales, which analysts have in part attributed to consumer backlash against the brand and its Chief Executive Elon Musk, whose role in cutting government spending was polarizing.”

New York Times: “Elon Musk, Tesla’s chief executive, has been seemingly indifferent to slumping vehicle sales, saying that the company’s future lies with technology that will allow Teslas to operate autonomously and function as driverless taxis.”

“Private sector hiring unexpectedly contracted in June, payrolls processing firm ADP said Wednesday, in a possible sign that the economy may not be as sturdy as investors believe as they bid the S&P 500 back up to record territory to end the month,” CNBC reports.