Tariffs
Last year Trump promised to place tariffs on all imports to the U.S.
60% tariff on Chinese goods
25% on Canadian and Mexican goods
10% on all other countries
Why did he promise to do this?
He and his supporters believe that the tariffs will help American companies and create more jobs in the U.S.
However, working class people will feel the biggest effects as food and material prices will definitely rise
Many experts also believe this will start a trade war.
trade war = when 2 countries start placing tariffs on different goods from each other
In 2024 the EU placed a 45% tariff on Chinese electric cars (EV’s). The EU says that government subsidies help Chinese car makers produce a huge supply of cars… and now their cars are popular in Asia and Africa
Do you think the US and Japan will also impose high tariffs on Chinese EV’s?
In the same year the US and Canada placed a 100% tariff on Chinese EV’s.
Japan hasn’t placed on tariffs yet. Do you think they should?
BYD, China’s biggest EV maker, is trying to enter the Japanese market now. In 2024 BYD was the highest selling car brand in Singapore… overtaking Toyota .
Do you think they will be successful in Japan?
Japan places tariffs on rice imports.
What percentage do you think the tariff is?
It’s 778%. Do you think this is a good idea?
Do you think any other foods have high tariffs in Japan?