Hey friends! Did you know that sometimes things happening in the world can make the stuff we love more expensive? Well, there’s some news about tariffs that might make your favorite soda and cars cost more. Let’s find out what’s up!
What Are Tariffs?
A tariff is like a special tax that countries put on products coming from other places. Imagine you trade candies with a friend, but the teacher says you have to give her one candy every time you trade. That’s a bit like a tariff! 🍬
What’s Happening Now?
In the past, the United States put tariffs on steel and aluminium coming from other countries. Steel and aluminium are metals used to make lots of things, like soda cans and cars! Because of these tariffs, companies have to pay extra money to get these metals. 💰
Why Does This Matter to You?
When companies like Coca-Cola and Ford have to pay more for materials, they might raise the prices of their products. That means the soda you buy and the cars you see could become more expensive. Uh-oh! 🥤🚗
What Are the CEOs Saying?
The big bosses (called CEOs) of Coca-Cola and Ford have talked about this:
- Coca-Cola: The CEO said that because of the higher costs of aluminium, they might have to increase the prices of their fizzy drinks. So, that refreshing soda might cost a bit more. 😮
- Ford: The CEO mentioned that the tariffs on steel make building cars pricier, which could lead to higher car prices. So, your dream car might get a little more expensive. 🚙
What Can We Learn?
It’s interesting to see how decisions made by governments can affect the things we use every day. Even something like a tariff can change the price of items we love. It’s always good to stay informed! 🌟
So next time you sip a soda or see a cool car, you’ll know a bit about how global events can impact you!
Keep exploring and learning! ✨
Reference(s):
cgtn.com
