Canada and the USA fight about money. The USA make high taxes on goods from Canada. We call this zölle. Now Canada fights back. Canada wants high taxes too from the 8th of september. These taxes are for 700 products from the USA. This means steel, furniture and things for the house. The taxes are high between 15 and 50 percent. The leader Mark Carney finds the taxes from the USA bad. He wants to protect firms and workers. The state gives 7.5 billion dollars for this. The president Donald Trump threatens Canada more. He wants to rename the lake Lake Ontario. He wants to call it Lake America. He says Canada uses the USA. Both lands are good partners. Many jobs depend on the trade. Many people fear for their work now.
Big trade fight between Canada and the USA
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Definitions
- Zoll
- Ein zölle ist eine tax on goods from other lands. You pay money when you bring things across the border.
People
- Mark Carney
- Mark Carney is the leader of Canada. He leads the government.
- Donald Trump
- Donald Trump is the president of the USA.
Locations
- Kanada
- Kanada is a big state in north america north of the USA.
- Vereinigte Staaten von Amerika
- The USA are a big land in north america.
- Lake Ontario
- The Lake Ontario is a big lake at the border.
Sources
The Guardian
Canada announces 50% retaliatory tariffs on US goods worth $20bn as trade war escalates – live
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