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Thursday, August 27, 2026
NEWS ABCTHE ABC OF ECONOMY & INDUSTRY
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NEWS ABCTHE ABC OF ECONOMY & INDUSTRY
Trade

Who actually pays a tariff

The importer of record pays the duty to Customs at the border; who ultimately bears the cost depends on contracts, supply chains, and how much prices can move.

Priya Vaithilingam

Analysis & Opinion

Manufacturing

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Trump Cuts Steel Tariffs To 25%

A June proclamation halved the general steel and aluminum tariff rate to 25% from 50%, with lower rates for some allies and a 10% rate for mostly U.S.-origin metal, the Federal Register shows.

Trade

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Two agencies decide every US dumping case

Commerce sets the margin, the International Trade Commission sets the injury finding, and the statutory clock between them decides when importers start paying.

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