Hey everyone! ๐ฆ Have you ever wondered how your favorite toys, gadgets, or clothes get to the stores? They usually come by big ships across the ocean! ๐ But recently, the US government wants to add extra fees on ships from the Chinese mainland and other countries. ๐ณ๏ธ
What does this mean? Well, if it costs more to bring things to the US, prices in stores might go up! ๐ฎ That means your favorite sneakers or games could become more expensive. This could make many people unhappy because they’ll have to spend more money.
Also, with these extra fees, big ships might avoid some ports (that’s where the ships dock and unload their goods). This could make other ports super crowded! Imagine everyone trying to get through one door at the same time ๐ชโก๏ธ๐ถโโ๏ธ๐ถโโ๏ธ๐ถโโ๏ธ๐ถโโ๏ธ๐ถโโ๏ธ โ things would get jammed!
This jam can slow down how quickly things get to stores. So not only could things get more expensive, but they might also take longer to arrive.
In the big picture, these changes could mess up how goods move around the world. ๐ So, it’s important for countries to think carefully about such decisions, so we can all get the things we need without problems! ๐
Reference(s):
Section 301 curbs to worsen US inflation, disrupt global supply chains
cgtn.com