Who Pays a Tariff? A Gentle Introduction to Tax Incidence

The burden of a tariff is usually split between buyers and sellers, regardless of who hands the money to the government—but why? And how? With supply, demand, and a little bit of calculus, in this session you’ll learn what determines the split. No previous knowledge of economics required. We’ll look at the impact of past U.S. steel tariffs as a real-world case study.