What’s a Tariff Anyway? 🤔
Imagine you’re trading stickers with your friends. But suddenly, your teacher says you have to give her one sticker every time you trade. That’s kind of like a tariff! A tariff is a tax one country puts on goods from another country.
The U.S. and the “Tariff Stick” 🏓
The United States has been using tariffs a lot lately, like waving a big stick to get what it wants. But is this a good idea?
Can Too Many Tariffs Cause Problems? 😮
Professor Amitav Acharya from American University thinks overusing tariffs is risky. If the U.S. keeps threatening other countries with tariffs, people might stop taking the threats seriously.
The Butterfly Effect 🦋
Have you heard of the butterfly effect? It’s the idea that a tiny butterfly flapping its wings can cause a big storm somewhere else! 🌀 In this case, putting tariffs on other countries could lead to unexpected problems for the U.S. itself.
Why Does This Matter? 🌍
In our connected world, what one country does can affect everyone else. So it’s important to think carefully before making big decisions like adding tariffs.
Reference(s):
Tariff overuse: Trump's gamble and the global butterfly effect
cgtn.com
