Hey there! Have you ever wondered how countries trade with each other? 🌍 Well, sometimes countries talk about adding tariffs, which are like extra taxes on things they buy from other countries. Christine Lagarde, the president of the European Central Bank (that’s kind of like the bank for all of Europe 🏦), says that when countries threaten to add these tariffs, it makes the world feel uncertain. 😕
Why is that? Well, imagine you’re planning a big birthday party 🎉, but you’re not sure if the cake shop will be open or if your friends can come. That uncertainty might make you feel nervous about planning your party. In the same way, when countries might add tariffs, businesses aren’t sure what will happen next. They might delay important projects or decide not to invest in new ideas. This can slow down how fast the world’s economy grows. 🐢
Christine Lagarde shared these thoughts in an interview with CGTN’s Guan Xin. She wants everyone to know that it’s important for countries to work together to keep the global economy strong! 💪
Reference(s):
cgtn.com
