Why Are the U.S. and Canada Arguing Over Trade? ๐ค
Hey there! Have you ever traded toys or snacks with a friend? ๐ซ๐ค Well, countries trade things too, like cars, lumber, and maple syrup! ๐๐ฒ๐ฅ But sometimes, they disagree on the rules of trading.
On March 4th, the United States decided to put a 25% tax, called a tariff, on certain goods coming from Canada. That’s like making Canadian stuff more expensive to buy in the U.S.! ๐ฎ
Canada wasn’t happy about this. So, they made their own list of tariffs on goods coming from the U.S. This back-and-forth is what’s called a trade war. โ๏ธ
But why does this matter? Well, when countries have a trade war, it can make things more expensive and harder to get. Imagine if your favorite game suddenly cost more! ๐ฎ๐ฐ It can also make it harder for businesses to sell their products.
In Canada, people are talking about how to protect their businesses from these kinds of problems in the future. They’re thinking about ways to make sure that even if there’s a trade war, everyone can still get what they need. ๐ก
It’s a big challenge, but it’s important for countries to work together so everyone benefits! ๐๐ค
Reference(s):
cgtn.com