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" ... The first part is that we've got to understand who it is that pays tariffs. The people consuming the what to them are imports of course. Thus the people who pay tariffs on British exports are the people who consume British exports--the foreigners. Most certainly, there is a second order effect here, the change in price will lead to a change in demand and thus some sales won't happen, that rebounds onto the producers in their loss of profit and so on. But it is still absolutely true that whatever tariffs are paid are paid by the consumers consuming the imports. Thus the people who should be concerned about the imposition of tariffs upon British exports are the continentals, those who like to consume British goods. ... "