Hey there! Have you ever wondered why some things you buy come from different countries? 🌎 Well, right now, there’s something big happening between the United States and Canada that might change that!
The U.S. President, Donald Trump, is thinking about adding tariffs on goods from Canada and Mexico starting Saturday, February 1st. But what are tariffs? 🤔
Tariffs are like extra taxes that countries add to products they buy from each other. Imagine you trade snacks with a friend, but now you have to give them an extra cookie each time! 🍪 That’s kind of what a tariff is like.
President Trump says he’s doing this because of trade deficits (that’s when a country buys more from another country than it sells), problems at the border, and issues like the flow of fentanyl (a dangerous drug).
If these tariffs happen, it might make things from Canada more expensive in the U.S., and could affect businesses and industries in both countries. That means companies might have to change how they make and sell things, which could even affect us! 😮
It’s a big deal, and people are watching to see what happens next. Stay tuned to find out how this story develops!
Reference(s):
cgtn.com
