Hey there! Did you know that trees are super important? 🌲 In Canada, many people work by cutting down trees to make things like houses, furniture, and paper. This wood is called “softwood lumber.”
But right now, there’s a big problem. The United States, Canada’s neighbor, has decided to charge extra money on the softwood lumber that Canada sends over. This extra money is called a “tariff.”
Imagine if you wanted to sell your drawings to your friend, but someone told you that you have to pay them some money before you can. That would make it harder to sell, right?
Canada’s softwood lumber already has a 14.5% tariff when it goes to the U.S. Now, the U.S. President is talking about adding another 25% tariff! 😱 That means Canadian companies have to pay even more money to sell their lumber to the U.S.
This is making it tough for workers in Canada. Some are worried they might lose their jobs. It’s also a big topic in Canada’s upcoming federal election. People are talking about what to do.
Trade tensions like this can affect lots of people. It’s important to understand what’s happening so we can find solutions!
Reference(s):
Canadian lumber faces tariff turmoil ahead of federal election
cgtn.com
