What is one likely effect of tariffs on imported goods?

Tariffs on imported goods are taxes imposed by a government on foreign products, which typically leads to an increase in the price of those imported goods. This price increase makes domestic products relatively cheaper and more competitive in comparison. Consequently, domestic producers may experience reduced competition from foreign competitors, as consumers are likely to choose the now more affordable domestic options over the pricier imports. This protection can allow domestic industries to strengthen without the pressure of competing directly with lower-priced foreign goods. Thus, the imposition of tariffs can lead to a market environment where domestic producers benefit from a less competitive landscape.