Impact of Tariffs on Manufactured Goods

Consider a hypothetical economy, Country X, which is a significant exporter of agricultural products but relies heavily on imports for manufactured goods. The government of Country X is contemplating implementing a new tariff on imported manufactured goods to protect its local industries. Economic theories suggest that while tariffs can protect certain industries and jobs in the short run, they may lead to adverse effects in the longer term.

Based on this situation, which of the following outcomes is most likely to occur as a result of the new tariff on imported manufactured goods?