Trump’s Tariff Plan Worries Canadian Border City 😟
On January 30th, U.S. President Donald Trump announced that he plans to put a 25% tariff on all goods coming from Canada and Mexico. This means that products from these countries might become more expensive in the United States. The tariffs could start as soon as Saturday, February 1st!
In one Canadian city near the U.S. border, people are really concerned. Why? Because many businesses there depend on trading with the United States. If the tariffs happen, it could make it harder for them to sell their products, and that’s worrying for everyone in the city.
What is a tariff? A tariff is like a tax on things that are imported from other countries. For example, if a toy costs $10, a 25% tariff would add $2.50, making it cost $12.50. That might make people less likely to buy it because it’s more expensive.
Many people in the Canadian border city are hoping that the tariffs won’t happen, so they can continue doing business as usual.
Reference(s):
Trump's tariff threat sparks concerns in Canadian border city
cgtn.com
