Hey there! Have you ever heard of tariffs? 🤔 They’re like taxes that countries put on things they buy from other countries. Recently, a man named David Firestein, who is an expert on how countries get along, said that President Trump’s new tariffs are a big mistake! 😮
Mr. Firestein said these tariffs could hurt the United States’ economy a lot. He pointed out that after the tariffs were announced, the U.S. stock market lost $6 trillion in just two days! That’s a huge number! Imagine if you had six trillion candies and they all disappeared! 🍬🚫
He believes that these problems didn’t have to happen and that they’re kind of like hurting ourselves. Ouch! 🥴
So why is this a big deal? Well, with these tariffs, things we buy might become more expensive. That means everything from toys 🧸 to electronics 📱 could cost more. Also, companies might have to pay more for parts they need to make stuff, which could lead to people losing their jobs. That’s not good news! 😔
Mr. Firestein also said that these tariffs could make the U.S. dollar weaker and even lead to a recession, which is when the economy is not doing well. Plus, it could upset how countries trade with each other all over the world! 🌍
He mentioned that putting these tariffs in place goes against important trade agreements that the U.S. made with other countries. It’s like agreeing to share your toys with your friends, and then suddenly saying, “Nope, not sharing anymore!” 🧸🚫
In short, Mr. Firestein thinks these tariffs are not a good idea and hopes that we can find better ways to trade with other countries without causing these problems. Let’s hope the leaders listen! 🤞
Reference(s):
U.S. scholar says Trump's tariff policy an enormous economic blunder
cgtn.com
