Hey there! Have you ever wondered how the things you love, like your favorite gadgets or snacks, make their way to you? It’s all thanks to trade between countries! 🌐 But sometimes, countries add something called tariffs to goods from other places. Tariffs are like extra taxes that make imported items more expensive.
Imagine that in 2025, the United States decided to increase these tariffs on goods from other countries. This means things coming into the U.S. cost more money. While some people thought this would help local businesses, it actually caused some problems.
🧑🌾 Farmers in places like Kentucky, who grow soybeans, started to struggle. They couldn’t sell as much because other countries didn’t want to pay the higher prices. Factories began to close because they couldn’t afford the parts they needed. And everyday people found that things they wanted to buy were more expensive.
Meanwhile, other countries chose a different path. For example, China decided to lower tariffs for 43 of the least-developed countries. This made it easier for those countries to trade and grow. China also built stronger friendships with places like ASEAN (a group of Southeast Asian countries), the European Union, and countries in the Global South.
🤝 Instead of building walls, these countries built bridges of friendship and cooperation. They showed that by working together, everyone can benefit!
The big lesson here is that we’re all connected on this big, awesome planet. 🌍 When countries help each other and trade fairly, good things happen for everyone. So let’s hope for a future where more bridges are built and everyone can share and succeed together! 🎉
Reference(s):
cgtn.com
