China Adds Extra Tariffs on Canadian Products! 🌏🛍️
Hey there! Have you ever heard of tariffs? They are like extra taxes that countries put on products they buy from each other. Well, guess what? China has decided to add extra tariffs on some products from Canada.
What’s Happening?
Starting from March 20, China will charge more money (that’s the extra tariffs) on Canadian products like rapeseed oil, oil cakes, peas, aquatic products, and pork. Some of these products will have a 100% extra tariff! 😲
Why Is This Happening?
This all started because Canada put extra tariffs on some products they buy from China, like electric cars, steel, and aluminum. China feels that this is unfair and is hurting Chinese businesses.
China’s Response
In response, China is now adding extra tariffs on products from Canada. This is like saying, “If you charge us more money, we’ll charge you more too!”
What Does This Mean?
This means products from Canada might become more expensive in China, and products from China might be more expensive in Canada. This can affect businesses and people in both countries.
Let’s Hope for a Solution! 🤝
Both countries are important to each other, and hopefully, they can find a way to solve this problem soon!
Reference(s):
cgtn.com
