Hey there! Have you ever wondered how cars get from one country to another? 🚗 Well, right now, there’s a bit of a problem between the United States and Canada that’s making car makers nervous.
In early March, U.S. President Donald Trump decided to pause a big tax called a tariff that he was going to put on cars and car parts. This tariff was 25%, which is a lot! But he only paused it for 30 days. That pause is ending soon in early April, and people who make cars are getting worried.
A tariff is like a tax that a country adds to products it brings in from another country. If the U.S. adds a tariff to cars from Canada, it could make those cars more expensive.
This could be a big deal for places like Michigan, where a lot of people work in the car industry. If cars get more expensive to make or buy, it could affect jobs and the price of cars.
Imagine if your favorite toy suddenly cost a lot more money because of a new tax. That wouldn’t be fun, right?
So, car makers and people who live in places where cars are made are hoping that the U.S. and Canada can work things out so the tariffs don’t happen.
Let’s keep our fingers crossed that everything works out! 🤞
Reference(s):
cgtn.com
