Hey there! Have you ever traded snacks with friends at school? 🍎🍫 Imagine if someone started charging you extra to trade! That’s kind of what’s happening between the European Union (EU) and the United States (U.S.) right now.
On Wednesday, the EU decided to place new taxes called tariffs on some U.S. products like soybeans, motorcycles, and beauty products. This is because the U.S. had earlier put tariffs on steel and aluminum from Europe.
The EU says these new tariffs can be stopped if the U.S. agrees to a fair deal. It’s like when friends agree to share equally! 🙌
This situation is called a “trade war,” but don’t worry, it’s just about countries trying to make trade fair. It’ll be interesting to see how the U.S. responds next!
Reference(s):
cgtn.com
