Hey there! Have you ever heard of tariffs? 🤔 They might sound like a tricky word, but don’t worry—we’ll break it down together!
Tariffs are like special taxes that one country puts on goods coming in from another country. Imagine if you had to pay extra to get your favorite candy from a neighboring town! 🍬
Recently, US President Donald Trump decided to put tariffs on goods from Canada. But guess what? A smart professor named David Gray from the University of Ottawa says this isn’t such a great idea. 🙅♂️
According to Professor Gray, these tariffs could lead Canada into a recession. That’s when the economy slows down a lot, and people might lose jobs or have less money to buy things. Not fun at all! 😟
But it’s not just Canada that could be affected. The United States might face problems too! Professor Gray says it could cause “a fair degree of economic chaos” in the US as well. Yikes! 😬
So, why is this important? Well, Canada and the US are neighbors and friends. They trade a lot of goods, like cars, maple syrup, and even hockey sticks! 🚗🍁🏒 When trade gets tougher, it can hurt both sides.
In the end, it’s important for countries to work together and find friendly ways to solve problems. After all, teamwork makes the dream work! 🤝🌟
Reference(s):
Not in US's interest to cause Canadian recession: Canadian scholar
cgtn.com
