Why US Steel Tariffs Have Brazilians Worried 😟
Hey there! Have you heard about the recent news on steel tariffs? Let’s break it down together.
The United States, led by President Donald Trump, has decided to put a 25% tax, called a tariff, on steel and aluminum coming from other countries. This started on March 12. Imagine if you had to pay extra money to buy your favorite toy from another country—that’s kind of what’s happening here!
The US buys a lot of steel from other countries, and Brazil is one of the top suppliers. This new tariff means that Brazilian companies will have a harder time selling steel to the US because it will be more expensive for American buyers.
We talked to some people in Brazil to see what they think:
Alderir Gutierres, an economist (someone who studies how money works in countries), said, “A 25% tariff would disrupt a market that has been organized by the World Trade Organization for many years and have a huge impact on Brazil.”
Vinicius da Silva, a lawyer, mentioned, “I think these tariffs are very bad because they will harm Brazilian exports to the United States. It will create a type of trade war.”
A “trade war” is when countries start putting tariffs on each other’s goods, making it harder to trade. This can hurt economies and affect jobs.
So, why should we care? Well, these changes can impact not just big companies but also workers and families in both the US and Brazil. It’s important to understand how countries work together and how changes can affect people around the world!
What do you think about this situation? 🤔
Reference(s):
cgtn.com
