US-Canada Trade War Could Raise Prices on Many Goods
The United States and Canada are in a trade war. This means the two countries put extra money costs on goods they sell to each other. These costs are called tariffs.
Because of the trade war, many things could cost more money soon. People in both countries may need to pay more for some products.
One business owner said the trade war is very bad for their company. They said half of their business could be gone.
Canada's leader is Mark Carney. He is the prime minister of Canada. Some people say he is doing what Canadians wanted him to do.
Carney must decide how to answer the United States in this trade war. His choices will affect many people and businesses.
Both countries are now waiting to see what happens next. Many people are worried about their jobs and their money.
Vocabulary15 words
- trade war
- when two countries put extra costs on each other's goods
- tariffs
- extra money you must pay to bring goods into a country
- prime minister
- the top leader of some countries, like Canada
- goods
- things that people buy and sell
- business
- a company that sells things or services
- economy
- how money and jobs work in a country
- cost
- the amount of money you pay for something
- fallout
- bad effects that happen after a big event
- elect
- to choose a leader by voting
- opinion
- what a person thinks about something
- product
- a thing that is made to be sold
- company
- a group that makes or sells things
- money
- what people use to buy things
- leader
- a person who guides a country or group
- worried
- feeling afraid something bad will happen
Quiz
Answer key
1. Extra money costs countries put on each other's goods 2. Mark Carney 3. True
Fill-in-the-blank listening
Play the audio again and fill in the missing words as you listen.
The United States and Canada are in a _____. This means the two countries put extra money costs on goods they sell to each other. These costs are called _____.
Because of the trade war, many things could cost more _____ soon. People in both countries may need to pay more for some _____.
One business owner said the trade war is very bad for their _____. They said half of their business could be gone.
Canada's leader is Mark Carney. He is the _____ of Canada. Some people say he is doing what Canadians wanted him to do.
Carney must decide how to answer the United States in this trade war. His choices will affect many people and _____.
Both countries are now waiting to see what happens next. Many people are _____ about their jobs and their money.
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