Where Data Tells the Story
© Voronoi 2025. All rights reserved.
Legally, a business importing goods pays the fee. The company then has the choice to either pass the cost on to consumers, or absorb the cost.
A company can also switch to a domestic supplier where possible, though prices would typically be higher than what they were previously paying a foreign supplier.
Businesses who export outside the U.S. can also be affected if targeted countries impose their own retaliatory tariffs.