Trump has turned his back on the foundation of US economic might - the fallout will be messy
Summary
President Donald Trump made a decision to put big fees, called tariffs, on almost every product that comes into the US from other countries. The purpose of this decision is to try to keep more jobs and work in the US.Key Facts
- Donald Trump decided to put tariffs of at least 10% on almost all products coming into the US.
- This decision is like building a wall to keep jobs in the US, not to keep people out.
- These tariffs take the US back to old times when it tried to protect its industries by putting high fees on foreign goods.
- Donald Trump believes that high tariffs made America great before and could do it again.
- The decision made by President Trump goes against the idea of free trade. This idea says that all countries do better when they make what they're best at and then trade freely with each other.
- The tariffs are different for each country and are worked out by studying the amount of goods that country sells to the US.
- The White House sees selling more goods to the US than the US sells to them as "cheating", and the tariffs are meant to fix that unfairness.
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