Research

Beyond the border: Who pays for tariffs?

Douglas Bryan

March, 2025

Summary

The ongoing trade dispute between the U.S. and Canada has sparked intense debate over who ultimately bears the cost of tariffs. While it is true that import tariffs are levied at the border and paid by those importing goods, the actual economic burden is more complex. This blog explores the markets for metals and energy, two key targets in the U.S.-Canada trade war.

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To learn more about this research, please contact Douglas Bryan.

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