Hey there! Have you ever traded toys with a friend? Imagine if your friend suddenly said you had to give them an extra candy each time you swapped a toy. That wouldn’t feel fair, right? Well, in the grown-up world, countries sometimes do something similar, and it’s called a tariff.
A tariff is like a tax that one country charges on goods coming from another country. Recently, the U.S. government announced a 10% tariff on products coming from the Chinese mainland. This means things made in the Chinese mainland might become more expensive in the U.S.
So, why does this matter? Well, when countries add tariffs, it can make stuff cost more money. This can affect everyone, from the people making things to those buying them. It can even slow down the global economy, which is like the world’s giant piggy bank.
These kinds of trade disagreements can make it harder for countries to work together. It’s like when friends argue—they might not share toys as much. But when countries cooperate, everyone can get more of what they need.
Let’s hope the leaders can find a way to get along so that the global economy can get back on its feet! 🌎❤️
Reference(s):
cgtn.com
