Policy Change
Price rises for customers
Essentail things become more expensive
People will start buying cheaper products
People will stop buying non essential things
Higher costs for busineses
Cost for mateirals will rise
Small businesses will have a hard time to compete
Gain less profit
Global economy impact
Trade values will drop
Economic slow down
Supply chains will face dissiruptions
Government Impact
Governemnts make from money from tarrifs
they will need to help people and businesses who are struggling