This is the @kielinstitute study of the impact of US tariffs that famously found that Americans bore some 96% of the tariffs. Be that as it may, I think the real critical finding, and the reason why the tariffed exporting countries seem so eager to negotiate down the tariffs, may be that the tariffs cause an outright collapse in trade volume. Instead of suffering on the profit margins, the exporters are at risk of losing the business altogether. "Result? Import prices stayed flat. Trade volumes collapsed instead. Exporters shipped less - they didn't discount."