Hey there! Have you ever traded snacks with friends at school? Sometimes, friends might disagree about the trade. That’s a bit like what’s happening between the European Union (EU) and the United States (U.S.) right now!
The EU is thinking about putting extra taxes, called tariffs, on some goods (which are things you buy) from the U.S. These tariffs would make those goods more expensive. Why are they doing this? Well, it’s because the U.S. decided to put tariffs on European steel and aluminum.
Some of the U.S. products that might get these new tariffs include diamonds 💎, eggs 🥚, dental floss, sausages 🌭, and chicken 🍗. That means these items could become more expensive in Europe.
The EU really wants to solve this problem by talking it out. They prefer to negotiate with the U.S. so that everyone is happy. But if they can’t agree, the EU is ready to use these tariffs to protect their businesses and people.
Maros Sefcovic, a leader in the EU, said they are prepared to use “every tool” to make sure things are fair. They are planning to vote on these tariffs soon, and some might even start in mid-May.
This situation shows how countries sometimes have disagreements, just like friends do. But they also try to find ways to work things out! 🤝
Reference(s):
cgtn.com
