Hey everyone! 😊 Have you heard about the recent news involving China, Canada, and the United States?
So, the U.S. President, Donald Trump, has decided to add extra taxes, called tariffs, on goods coming into the U.S. from countries like Mexico, Canada, and China. These tariffs are like fees that make imported things more expensive.
Starting this week, there’s a 25% tariff on items from Mexico and Canada, and products from China now have a 20% tariff. That’s a big change! 🌍📦
How did China and Canada react?
- China announced it will add more tariffs on certain U.S. products, like chicken, wheat, corn, and cotton. This means those items might become more expensive in China.
- Canada is also adding tariffs on U.S. goods. Canadian Prime Minister Justin Trudeau said they will put a 25% tariff on $20.7 billion worth of U.S. imports, and might add more if things don’t change soon. Some of the items include American beer, wine, and even Florida orange juice! 🍊🍺
Why does this matter?
These tariffs can affect the prices of everyday items. For example, if you live in the U.S., things made with steel or aluminum might cost more. If you’re in Canada or China, products from the U.S. could get pricier. It’s like a chain reaction! ⚙️
Many people are worried that this could hurt jobs and the economy. Businesses might have to pay more for materials, which could lead to higher prices for us, the consumers.
What do others say?
Some leaders and experts think these tariffs might do more harm than good. They believe it’s important for countries to work together and keep trading fairly. After all, we’re all connected in this big world! 🌐❤️
What’s next?
Other countries like Mexico are also planning how to respond. We’ll have to wait and see how these changes will unfold. Stay tuned for more updates!
Remember, understanding what’s happening in the world helps us become more informed and active citizens! 😊
Reference(s):
cgtn.com
