Hey there! Have you heard the news? The United States has started putting tariffs on goods from Mexico! 😮 But what does that mean?
First, let’s understand what tariffs are. Tariffs are like taxes that countries put on products they import from other countries. This makes imported goods more expensive, which can affect how much people buy them.
Mexico is the second-largest trading partner of the U.S., which means they trade a lot of things like cars, fruits, and electronics. Now that the U.S. has added tariffs, Mexico is planning to respond by Sunday with their own tariffs on U.S. goods. It’s like when one friend raises their voice, and the other raises theirs too!
This back-and-forth is called a trade war. It can make things more expensive and can affect jobs and economies in both countries. People are worried about how this will impact businesses and families on both sides of the border.
Why is this happening? Sometimes countries use tariffs to try to solve disagreements or to protect their own industries. But it can also lead to more problems if both sides keep adding more tariffs.
We’ll have to wait and see what happens next. Let’s hope they find a way to work things out! 🤞
Reference(s):
cgtn.com
