What impact do tariffs typically have on domestic consumers?

Tariffs are taxes imposed on imported goods, and their primary purpose is to make foreign products more expensive. When tariffs are applied, the cost of importing those goods increases, which typically leads to higher prices for consumers who wish to purchase those products. As a result, consumers may either pay more for imported goods or opt for domestically produced alternatives, which may not always offer the same variety or price competitiveness.

Higher prices resulting from tariffs can also lead to a decrease in consumer purchasing power, as consumers may find their choices limited and their budgets strained. Therefore, the impact of tariffs on domestic consumers is generally one of increased costs for imported goods, making option B the correct choice in this context.