Hey there! 😊 Have you heard the news about the United States and some new taxes on metals? Let’s break it down together!
What’s Happening?
On February 10, U.S. President Donald Trump signed a big order. He decided that starting on March 12, 2025, the U.S. will add a 25% tax on all steel and aluminum coming into the country. This is called a “tariff.”
Wait, What’s a Tariff?
A tariff is like a tax that countries put on goods coming from other countries. Imagine if you had to pay extra for toys made somewhere else—that’s kind of what’s happening here, but with metals.
Why Does This Matter?
People in South Korea are concerned. They think these new tariffs could cause problems with how countries trade with each other. One South Korean worker said it might make things more expensive for everyone.
Could Prices Go Up?
Yes! If companies have to pay more for steel and aluminum, they might charge more for things made from those metals. That could mean higher prices for cars, bikes, and even cans of soda!
What Do South Koreans Think?
Many South Koreans believe this isn’t just a political move. They worry it could hurt businesses that sell goods to the U.S. and make daily life more expensive.
Why Should We Care?
Because we all live in a connected world! 🌍 When countries change the rules on trading, it can affect prices and jobs everywhere.
What Can We Do?
Stay informed! Understanding what’s happening helps us make sense of the world. Maybe talk to your parents or teachers about it—they might have more insights.
Reference(s):
South Koreans say U.S. tariffs will intensify global trade tensions
cgtn.com
