🌍 President Trump Announces New Tariffs on 12 Countries!
Hey there! Have you ever swapped snacks with your friends at school? Imagine if suddenly there was a rule that you had to give up more of your snack just to trade. That’s kind of what’s happening between countries right now!
US President Donald Trump has decided to add tariffs to goods from 12 countries. But what are tariffs? A tariff is like a tax that a country puts on products coming from another country. So, when something is imported (brought into a country), the government charges extra money on it.
These new tariffs will range from 10% to as high as 70%! That’s a big increase. It means that products from those countries could become more expensive in the United States.
Why is this happening? President Trump wants to protect American businesses and workers. By making imported goods more expensive, people might buy more products made in the USA.
However, not everyone agrees this is a good idea. Some worry that other countries might also add tariffs to American goods. This could lead to a trade war, where countries keep adding more taxes on each other’s products.
So far, the United States has made special deals with Britain and Vietnam. They agreed on different tariff rates and some special rules. But other countries like India and those in the European Union haven’t reached an agreement yet.
These changes could affect the prices of things you buy, like toys, clothes, or electronics. It’s a big deal in the world of trade!
What do you think about this? It’s interesting to see how countries work together and sometimes disagree. Stay curious and keep learning about the world around you! 🌟
Reference(s):
Trump signs tariff letters for 12 countries, proposes 10%-70% rates
cgtn.com
