Trump's Trade Policies Reshape Global Markets
Reading
Donald Trump put new taxes on goods from many countries. These taxes are called tariffs and are for items coming to the U.S. Trump wants to change the U.S. economy with these new trade barriers.
Trump thinks tariffs will help American businesses a lot. He hopes more factories will be built in the United States. Trump wants more jobs for people in the U.S. because of these changes.
Experts say tariffs can cause problems for the American economy. They think higher prices will hurt buyers and businesses. These experts also think tariffs might damage relationships with other countries.
Some countries made deals with Trump to avoid very high tariffs. The United Kingdom and South Korea agreed to some tariffs. Other countries like Thailand and Indonesia also made deals to pay lower tariffs.
Some countries did not make deals with Trump and face high tariffs. India has a tariff because it buys oil from Russia. Trump's trade plans are facing legal problems and could go to the Supreme Court.
Questions
What are tariffs?
Tariffs are new taxes on goods from many countries coming to the U.S.
Why does Trump want to use tariffs?
Trump wants to help American businesses and create more jobs in the U.S.
What do experts say about tariffs?
Experts say tariffs can cause problems like higher prices and damage relationships with other countries.
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