Brazil Prepares to Respond to U.S. Tariffs 🇧🇷🇺🇸
Hey there! Have you ever traded toys with your friends and set some rules? Countries do something similar with products and money—it’s called trade. Sometimes, countries add extra costs called tariffs to products they bring in from other places. A tariff is like a tax on imported goods.
On April 2nd, the President of the United States, Donald Trump, announced new tariffs on products from other countries. Even though Brazil wasn’t hit with the biggest tariffs, they’re still getting ready to respond.
In Brasília, the capital of Brazil, lawmakers (the people who make laws) are working on a new bill. A bill is a proposal for a new law. This bill would allow Brazil to do something in return—they might add tariffs to products they import from the U.S. This is called retaliation, which means responding to an action with a similar action.
But why are countries adding tariffs? Sometimes, they use tariffs to protect their own businesses or to encourage other countries to change certain policies. However, this can lead to disagreements or even a trade war, where countries keep adding more tariffs against each other.
It’s important for countries to talk and find solutions that work for everyone. After all, trade helps people all over the world get the things they need and want!
Let’s keep an eye on how Brazil and the U.S. work through this situation. Understanding how countries interact helps us see how connected our world really is! 🌍
Reference(s):
cgtn.com
