Did you know that when one door closes, another might open? That’s what’s happening with trade around the world right now! ๐
The United States has decided to raise tariffs on goods from several countries. But wait, what are tariffs? ๐ค
Tariffs are like taxes that countries put on things they buy from other countries. When these taxes go up, it can make those things more expensive.
This change is making some countries worried. But it might also bring new opportunities! Countries like Brazil, Russia, India, China, and South Africaโknown as the BRICS nationsโmight start trading more with each other. ๐
Imagine your friend stops sharing snacks with you. You might start sharing more with other friends. That’s kind of what’s happening here! ๐ฟ๐ช
These BRICS countries could become even better buddies by buying and selling more things between themselves. This could help their economies grow and create new jobs for people. ๐ผ
So even though the new tariffs are causing some problems, they might also help countries work together in new ways. Isn’t it cool how challenges can turn into chances to make new friends? ๐
Reference(s):
cgtn.com