Hey there! Have you ever heard about a ‘trade war’? 🤔 Well, the UN Secretary-General, Antonio Guterres, has something important to say about it: ‘Nobody wins in a trade war!’ 🌍
So, what does that mean? Let’s break it down! When countries trade, they buy and sell things like toys, clothes, or smartphones to each other. A ‘tariff’ is like a special tax that one country adds to goods coming from another country. Recently, U.S. President Donald Trump decided to put a 10% tariff on products from many countries.
Mr. Guterres is worried because adding tariffs can make products more expensive. This can lead to a ‘trade war,’ where countries keep adding tariffs on each other’s goods. It’s like when friends get into a big argument and stop sharing their toys! 😢
Why is this bad? If countries stop trading fairly, it can hurt economies, especially in poorer countries. Mr. Guterres warns this could be ‘devastating’ for people who are already struggling.
He also hopes there won’t be a ‘recession,’ which is when the economy slows down, and people might lose jobs or have less money. That would be really tough for everyone, especially the poorest people in the world.
Let’s hope countries can work together and keep trade fair and friendly! 🤝💖
Reference(s):
cgtn.com
