Big news in the world of money! President Trump put new taxes (called tariffs) on goods from Canada, Mexico, and China. This made some people worried about the economy.
The stock market, where people buy and sell parts of big companies, reacted. Some parts went up a little, others didn't move much.
This news is important because it affects how much things cost and how businesses do. Let's see what happens next!
- President Trump added new taxes on goods from other countries.
- Canada and Mexico added their own taxes in response.
- Taxes on goods from China also increased.
- The stock market showed some changes because of this news.
Country | Tariff Change |
---|---|
Canada & Mexico | Increased by 25% |
China | Increased from 10% to 20% |