Hey there! 😊 Have you ever heard about trade tariffs? Don’t worry if you haven’t—they’re a bit like extra fees countries charge when they buy and sell things to each other.
In recent years, you might have heard about leaders talking about raising tariffs. This can make things more expensive and sometimes causes disagreements between countries. For example, a few years ago, the United States had some trade battles with its neighbors, Canada and Mexico. They talked about adding higher tariffs on goods they traded.
But why does this happen? Well, countries sometimes want to protect businesses in their own country. By adding a tariff, imported goods become more expensive, and people might buy more local products instead.
It’s important to keep an eye on the news to see how countries work together. Trade agreements and tariffs can affect the prices of things we buy, like toys, clothes, and even smartphones!
So next time you hear about tariffs on the news, you’ll know they’re talking about those extra fees between countries. Stay curious and keep learning! 🧐🌍
Reference(s):
Trump suggest 25% tariffs on Canadian, Mexican goods in February
cgtn.com
