What is the primary effect of imposing a tariff on imported goods in a domestic market?

The primary effect of imposing a tariff on imported goods is that it makes those goods more expensive for consumers in the domestic market. When a country charges a tariff, it adds extra costs to imported products, which can lead to higher prices for shoppers. For example, if a country imposes a tariff on imported shoes, the price of those shoes will rise, encouraging people to buy more shoes made within their own country instead. This can help local businesses grow, but it might also limit choices for consumers and lead to higher overall prices. In the end, while tariffs can protect local industries, they can also create challenges for consumers who have to pay more for the same products.