Hey kids! Did you hear about the trade war? President Trump put new taxes (called tariffs) on things imported from Mexico and Canada. This means things made in those countries and sold in the US will cost more. It's like a grown-up playground squabble affecting lots of businesses.
- Tariffs on goods from Mexico and Canada are 25%.
- This affects car makers, home builders, and many other businesses.
- Some car companies, like Ford and General Motors, could lose billions of dollars.
- The prices of cars and houses might go up because of higher costs.
| Company | Possible Loss (Billions of dollars) |
|---|---|
| General Motors | $14 |
| Ford | $6 |
