President Trump's new taxes on imported goods (called tariffs) are causing big changes in the economy! It's like a trade war, with countries imposing taxes on each other's products. This affects lots of things we buy.
- Tariffs make imported goods more expensive.
- Some US companies making steel and aluminum might benefit.
- Other companies that use these materials might struggle.
- Car prices could go up by a lot!
| Item | Effect |
|---|---|
| Steel & Aluminum | Prices rise, some US producers benefit |
| Cars | Prices could rise by $12,000! |
| Medicine | Production could be slowed down |
