What are the impacts of tariffs on rattan furniture trade?

Tariffs have significant effects on the rattan furniture trade, influencing both producers and consumers globally. By increasing the cost of imported rattan furniture, tariffs can lead to higher retail prices, reducing demand in key markets. This often forces manufacturers to seek alternative materials or relocate production to countries with lower tariff rates. Additionally, tariffs can disrupt supply chains, causing delays and inefficiencies. For exporting countries, particularly those in Southeast Asia where rattan is abundant, tariffs may reduce revenue and hinder economic growth. On the other hand, domestic producers in importing countries may benefit from reduced competition, but this advantage is often offset by limited consumer choices and higher prices. Overall, tariffs create a complex dynamic in the rattan furniture trade, reshaping market strategies and economic outcomes.