implications / range
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implications
The significance, consequences, or effects of an action, event, or decision.
Die volle Tragweite des Klimawandels wird erst in Zukunft sichtbar werden.
The full implications of climate change will only become visible in the future.
'Tragweite' (implications/range) is a compound noun made from the verb 'tragen' (to carry) and the noun 'Weite' (width/distance). Literally, it describes the distance that something carries or reaches. This helps you understand both the physical and the figurative meaning.
Die Stimme des Sängers hatte eine erstaunliche Tragweite.
The singer's voice had an astonishing range.
You can recognize the meaning from context: If people are talking about physical things like shots, signals, or sound, it means range. If it is about abstract things like decisions, events, or mistakes, it means consequences.
Die Tragweite des Funksignals war begrenzt.
The range of the radio signal was limited.
In the figurative meaning, 'Tragweite' (implications) is often combined with verbs of understanding. Typical phrases are 'die Tragweite erkennen' (to recognize the implications), 'sich der Tragweite bewusst sein' (to be aware of the implications), or 'die Tragweite unterschätzen' (to underestimate the implications).
Erst später wurde uns die ganze Tragweite des Problems bewusst.
Only later did we become aware of the full implications of the problem.
To say what the consequences come from, the genitive is often used. For example, people speak of 'der Tragweite einer Entscheidung' (the implications of a decision) or 'der Tragweite eines Fehlers' (the implications of a mistake).
Die finanzielle Tragweite der Krise ist enorm.
The financial implications of the crisis are enormous.
consequence / episode
'die Folge' and 'die Tragweite' both have to do with the effects of something. 'die Folge' refers more to the concrete result: What happens afterward? 'die Tragweite' describes more how important or far-reaching these effects are. The words can be confused because both occur in connection with decisions and events. If you mean a concrete consequence, 'Folge' is more natural. If you want to emphasize how large or serious the significance of something is, 'Tragweite' fits better.
Erst später verstand das Team die Tragweite der neuen Regel.
Only later did the team understand the implications of the new rule.
Eine Folge der Entscheidung ist, dass der Kurs früher beginnt.
One consequence of the decision is that the course starts earlier.