This paper examines the economic impacts of trade policies, focusing on how these policies influence international trade flows, domestic industries, and overall economic growth. It begins by providing a brief overview of different types of trade policies, including tariffs, quotas, and subsidies. The analysis then delves into the effects of these policies on the competitiveness of domestic industries, consumer prices, and employment levels. The paper further discusses the role of international trade agreements in shaping trade policies and their implications for the global economic landscape. By employing both theoretical models and empirical evidence, the study concludes that while trade policies can protect domestic industries in the short run, they may also lead to inefficiencies and reduced economic welfare in the long term. The findings highlight the complexities involved in crafting effective trade policies and emphasize the need for a balanced approach that considers both national interests and the interests of the global trading system.