in the short run

He acknowledged that tariffs would hurt his business, “but just a little, not much. This is going to hurt in the short run, but at the end it’s fair, and I support what’s fair. Other countries have been cheating America in the long run.”

The Budget Lab at Yale forecasts that prices for clothing could soar by more than 60% in the short run; basic pharmaceutical products could jump by 12%, and food prices rise by 2.6%.

From the first episode, given its bright tone — this is the Arctic of long sunny days rather than endless dark nights — one senses that the long arc will be predictable in just the ways one wants it to be, but unpredictable enough in the short run to keep things interesting.

In the short run, that’s a positive coping skill, but in the long run, when you continue to intellectualize and you don’t feel, that can show in different ways like binge drinking, excessive shopping, excessive doomscrolling, physical breakdowns or even dipping into low-function depression.

Of the uncertainty caused by Trump’s lack of clarity about the size and timing of his tariffs, Dimon added, “In the short run, I see this as one large additional straw on the camel’s back.”