Hey friends! 😊 Have you heard about the new tariffs the United States has put on steel and aluminum from other countries? Let’s break it down together!
What’s a tariff? Think of a tariff as an extra tax countries add to goods coming from other places. So, if South Korea sends steel to the U.S., they now have to pay more money to do so. 🏗️💰
What’s happening? On March 12, the U.S. started a 25% tariff on all steel and aluminum imports. This means South Korea’s special deal to send steel to the U.S. without extra charges has ended. 🇺🇸✋
What do South Koreans think? We heard from some people in South Korea about this. They feel that these tariffs are just the beginning and that President Trump wants to make the U.S. richer by doing this. 💭🤔
They believe the South Korean government should stand up for their rights. They want their leaders to take action and defend the interests of South Korean people. 🇰🇷✊
Why does it matter? Steel and aluminum are used to make lots of things, like cars, buildings, and even your favorite gadgets! 🚗🏢📱 If it costs more to sell these materials, it can affect jobs and prices not just in South Korea but around the world. 🌍
Let’s think! How do you think countries should deal with each other when it comes to trade? It’s important to understand how decisions in one place can impact people everywhere. Maybe one day, you can be part of making those decisions! 🗺️🤝
Reference(s):
What do South Koreans think of U.S. tariffs on steel and aluminum?
cgtn.com
