Hey there! Have you ever heard about tariffs? 🤔 They’re kind of like taxes that countries put on things they buy from other countries. Recently, the United States decided to double the tariffs on steel and aluminum that they buy from other places.
This means it’s more expensive for the U.S. to buy steel and aluminum from countries like Brazil and Mexico. Brazil and Mexico are big sellers of these metals. Imagine you’re selling your homemade cookies to a friend, but suddenly your friend has to pay double the price to buy them! 🍪➡️💰💰
This makes it harder for Brazil and Mexico to sell their steel and aluminum to the U.S., which can hurt their businesses and the workers who rely on these exports. Workers in factories might have less work, and companies might make less money.
Why did the U.S. do this? Sometimes countries use tariffs to protect their own businesses or to encourage people to buy products made in their own country. But when tariffs go up, it can cause tensions between countries, kind of like a trade storm! 🌩️
It’s important for countries to work together to find solutions that help everyone. Let’s hope they can find a way to make trade fair and help people keep their jobs! 🤝
Reference(s):
cgtn.com
