Hey there! 👋 Have you heard the latest news about President Donald Trump? He’s talking about adding new tariffs on countries that buy oil from Venezuela! 🛢️
What’s a Tariff?
A tariff is like a tax that one country puts on products coming from another country. So, if the U.S. puts a tariff on something, it makes that item more expensive to buy. 💰
Why Venezuela?
Venezuela is a country in South America that produces a lot of oil. But lately, they’ve been having some big problems with their economy. That means their people are facing tough times. 😟
What Is President Trump Doing?
President Trump is saying that any country that buys oil from Venezuela might have to pay extra tariffs. This could make it harder for Venezuela to sell their oil, which might make their economic problems even worse. 🛑
How Could This Affect Us?
Oil is used to make gasoline for cars, heat for homes, and even products like plastics. If there’s a big change in the oil trade, it can affect prices all around the world. That means things could get more expensive for everyone. ⛽
Why Is This Important?
Understanding what’s happening in the world helps us make sense of why things change. Even though we might not live in Venezuela or the United States, decisions like this can have an impact everywhere! 🌍
Reference(s):
cgtn.com
