Import tariffs are taxes imposed on goods brought into a country. They are often used to protect domestic industries from foreign competition. However, these tariffs can have significant effects on consumers.
When tariffs are applied, the cost of imported goods increases, leading to higher prices for consumers. This can limit choices and reduce purchasing power.
While tariffs may protect local jobs, they can also lead to trade wars and retaliatory measures from other countries, further complicating international trade relations.