Hey there! Have you ever heard of tariffs? They are like extra taxes that countries put on goods they buy from other countries. 📦🛳️
On Tuesday, a very important economist named Alvaro S. Pereira from the OECD (that’s a group where countries work together on economic issues) told everyone that the United States has raised its tariffs to the highest level since 1936! 😮
So, what does that mean? Well, higher tariffs can make things more expensive for people and businesses. Imagine if your favorite video game or smartphone suddenly cost more because of these extra charges. 🎮📱💰
This is causing a lot of uncertainty, which is a fancy way of saying people are unsure about the future. When people and businesses are unsure, they might not want to spend money or invest, which can slow down the economy all over the world. 🌎💔
Mr. Pereira warned that this situation is making consumers and businesses less confident. It’s like when you feel nervous about a big test—you might not do as well because you’re worried. 😓
He hopes that countries can work together to solve these problems so that everyone can feel more confident and the global economy can be strong again! 🤝💪
Reference(s):
OECD economist: US tariff policy severely impacts global economy
cgtn.com
