Canada

Let's say a bottle of Canadian Maple Syrup is $5 before.

25% Tariff is $1.25

Let's say the company makes $2 on each bottle before tariff. They really need to make $2 per bottle to cover expenses

So if a company still wants to make $2 a bottle still.

If they sell for $6.25 to try to cover the tariff (25% increase)

The tariff becomes $1.56

Instead of making $5, they would make $4.69.

Instead of $2, they would make $1.69

If they sold the bottle for $5, paid $1.25 tariff

They would make 75 cents

The number for $5 is $6.67

If the company sold the syrup bottle for $6.67. Payed $1.67 in tariff (25%). They would make $2.

Now, of course, they want to sell it for $6.67. Will people pay the increased price?

They can't just keep selling them for $5 and make basically a 1/3 of their previous profit.

Prices have to go up. How much is up to the consumer.

If the consumer is willing to buy Official Canadian Maple Syrup 🍁 for $6.67. The consumer is paying the whole $1.67 tariff.

An interesting thing happens when people pay $8. The syrup company makes an extra $1, Government gets $2 tariff. It's a win for everyone, but the consumer that lost $3. (Kind of scary if Trump gets a Maple Syrup company in Canada, goes around, ignores, or pays himself the tariff and sells a bottle for $5. Both are true Canadian Maple Syrup, it just has his name on it. Are you going to buy the $5 or the $8? Even if you buy the $8, he gets $2)

The consumer can't win. Free economy is better.

~33% increase covers a 25% tariff

If the price settles at $6.

Company pays 50 cents

Consumer pays $1

Trump gets $1.50

Who even is in charge of the "tariff funds"?

Like people are happy with having to pay $1 to get the company to pay 50 cents? Like that's a win?

Sad reality is Americans should not buy anything with a tariff. Paying a premium to help support Canada seems like a good thing but if everyone does it and everyone pays 33% more. The tariff funds makes out like a bandit all thanks to the consumers.

TL;DR: Company facing a 25% tariff will look to raise prices 33%. If they can they are fine or better. Consumers lose. I really like Vermont Maple Syrup

There is both downward price pressure and reduced demand.

It does not change the “who pays” question.