”But with the return of President Trump to the White House and the renewed battle over import duties, we must all think more about tariffs than anyone really wants to. So, to answer who “pays” for US tariffs, it’s not as simple as who pays the actual duty. Rather, it’s “paid” for by consumers who have to shift their consumption patterns, exporters who cannot compete in international markets, and those who explicitly pay higher prices for the duty items. Tariffs additionally add a layer of uncertainty about business conditions in a country which can impact decisions on where to do manufacturing for multinational firms, as stable and predictable legal and trade frameworks are crucial for confidence to deploy capital investment.”
Morten W. Langer
