Hey there! 👋 Have you ever heard adults talking about tariffs or trade wars? 🤔 It might sound complicated, but it’s actually really important, and it can affect you and your family!
What Are Tariffs Anyway?
Tariffs are like taxes that countries put on goods they buy from other countries. So, if Canada buys toys 🧸, electronics 🎧, or even maple syrup 🍁 from the United States, there might be extra fees added because of tariffs.
Why Do Countries Use Tariffs?
Sometimes, countries use tariffs to protect businesses in their own country. For example, if Canada wants to help Canadian farmers 🚜, they might put tariffs on fruits from other countries so people buy more fruits grown in Canada.
The Trade War with the United States
A trade war happens when countries keep adding tariffs on each other’s goods. Recently, Canada and the United States have been in a trade war, adding more and more tariffs. This can make things like cars 🚗, clothes 👕, and food 🍎 more expensive.
How Does This Affect You?
When tariffs make things more expensive, families might have to spend more money on everyday items. This can be tough! It might also affect jobs, because businesses might sell less if their products cost more.
Elections and Voters
When it’s time for elections 🗳️ in Canada, voters think about important issues like the trade war. They might choose leaders who they believe will help solve these problems. That’s why tariffs and trade wars are a big deal when Canadians vote!
What Can We Do?
It’s important to learn about these topics so we can understand what’s happening in our country. You can talk to your parents or teachers about tariffs and trade wars. Staying informed helps us all make better choices! 😊
Reference(s):
cgtn.com
