It is extremely rare for manufacturers to absorb the tariffs. Profit margins in most industries simply aren't high enough to cover it. A business can't absorb

It is extremely rare for manufacturers to absorb the tariffs. Profit margins in most industries simply aren't high enough to cover it. A business can't absorb 20-25% tariffs if its profit margin is only 5%. And manufacturing is particularly known for its low profit margins. So no. I mean, in theory you are technically correct. But the way elasticity works in practice is that the buyer is who pays the tariffs in virtually all circumstances.