Have you ever traded snacks with a friend at school? Maybe you swapped your apple for a cookie! 🍎🍪 Trading is fun when it’s fair and everyone is happy.
In the world of countries, trading happens all the time. Countries buy and sell things to each other, like cars, toys, and clothes. This is called international trade. 🌍
Recently, the United States decided to add extra fees called tariffs on products they buy from other countries. Think of tariffs like a tax that makes things more expensive. This means toys or gadgets from other countries might cost more money in the U.S. 💰
Other countries felt this wasn’t fair, so they decided to do the same thing by adding their own tariffs on products they buy from the U.S. It’s like if your friend started charging you two cookies for one apple, so you did the same back! 😲
These actions are called countermeasures. Countries are hoping that by doing this, everyone will agree to trade fairly again without extra fees. They want to make sure trading stays balanced for all. ⚖️
It’s important for countries to work together, just like it’s important for friends to share and play nicely. By talking and finding solutions, everyone can benefit. What do you think can help make trading fair for everyone? 🤔
Reference(s):
Questionnaire on countries countering the U.S. tariff hegemony
cgtn.com
