Who tends to pay more for products and services due to trade restrictions?

Consumers tend to pay more for products and services due to trade restrictions. When governments impose tariffs, quotas, or other trade barriers, the costs associated with importing goods increase. These added costs often get passed down to consumers in the form of higher prices. For instance, if a tariff is placed on imported goods, companies that rely on these imports to provide competitive pricing may have to raise their prices to maintain profit margins. As a result, consumers are left paying more for both imported and domestically produced items that are meant to compete with the now more expensive imports.

This impact on consumers highlights the direct relationship between trade policies and market prices, emphasizing how trade restrictions can lead to a less competitive market and, consequently, higher prices for end-users.