Hey there! Have you ever traded toys or cards with your friends? Imagine if someone put extra rules or costs on those trades—that’s kind of what’s happening with the United States’ new trade policies.
Lately, some experts (really smart people who study money and the economy) are worried. They say that new tariffs (which are like taxes on things bought from other countries) could make things more expensive and slow down the economy.
📉 The U.S. stock market, where people buy and sell shares of companies, has been having a tough time. One important group of stocks, called the Nasdaq Composite Index, has dropped a lot from its high point. This means big technology companies are losing value.
What the Experts Say:
- Dean Baker, an experienced economist, says that the big increase in tariffs is one of the largest in recent years. He thinks it might slow down how quickly the U.S. economy grows and could make prices go up.
- Clay Ramsey, a researcher at the University of Maryland, warns that while tariffs might seem like a good idea at first, they could end up costing U.S. consumers (that’s people who buy things—you and me!) and businesses more money in the long run.
These experts are asking for more thoughtful and long-lasting policies. They hope that by making better choices, we can keep prices fair and help the economy grow, so everyone benefits! 🌟
So next time you trade with your friends, remember how important fair trading is—for kids and countries alike! 🤝
Reference(s):
Economic experts warn of serious risks from US tariff policies
cgtn.com
