Hey there! ๐
Did you hear what’s happening between the United States and Europe? ๐ค Let’s break it down!
The European Union (that’s a group of countries in Europe working together) announced that starting next month, they will put extra taxes called “tariffs” on $28 billion worth of goods coming from the U.S. ๐ช๐บ๐๏ธ๐บ๐ธ
Why? Well, the U.S. decided to add tariffs on steel and aluminum from other countries. That means it’s more expensive for countries like Spain to sell their steel and aluminum to the U.S. ๐๏ธ๐ฉ
People in Spain have some strong opinions about this! CGTN, a news channel, went to Madrid to ask locals what they think.
One man named Juan Allende said, “The Americans have made a serious mistake, believing this would be a solution to their economic problems.” ๐ฎ
Another person, Nicolas, mentioned that it might take a long time for the EU and the U.S. to become close friends again. He hopes that the EU will become more independent. ๐ค
So, what does this mean? When countries add tariffs, it can lead to a “trade war,” where each side keeps adding more and more tariffs. This can make things more expensive and complicated for everyone! ๐
Let’s hope they can work things out soon! ๐ค
Reference(s):
Spanish locals criticize U.S. tariffs policy as a 'serious mistake'
cgtn.com