Have you ever wondered why the price of some things goes up? Sometimes, it’s because of something called tariffs. 📈 But what are tariffs, and why do they matter?
A tariff is like a tax that countries put on goods coming from other countries. Imagine if you had to pay extra candy to trade your toys with a friend from another school! 🍭
Recently, the United States has added tariffs on products from other countries. This means things like cars, electronics, and clothes can become more expensive. 😯
We talked to Albert Solis, who sells car parts in the U.S. He said, “In the end, this is a trade war and it’s not good for anyone.” 🚗💔
A trade war happens when countries keep adding tariffs on each other’s goods. It’s like friends refusing to share their toys, and everyone loses out. 🤷♂️
Albert also mentioned that trust and confidence are super important in business. “It is gonna affect us all if the market fails,” he said. That means if businesses can’t trade freely, it could hurt everyone’s jobs and money. 💼💰
We also heard from Victor Yale, who owns a fancy store. He worries that higher prices will make customers unhappy. “If things cost too much, people might not buy them,” he explained. 🛍️😟
So, tariffs can make everyday items more expensive and can cause problems between countries. It’s important for countries to work together so everyone can get the things they need at fair prices! 🌍💞
Reference(s):
Tariffs in the eyes of Americans: Trade war 'not good for anyone'
cgtn.com
