The world is facing a "supply chain" crisis. There are shortages of all kinds of products. And the problem is growing because the materials needed to make new products are either in short supply, or can't be moved to the places that need them.
Posts tagged as “economy”
This weekend, the "G7", the leaders of several of the world's richest and most powerful countries, met in the United Kingdom. The meeting led to agreements to help poorer countries by offering coronavirus vaccines and money for climate action.
Ecuador has been rocked by violent protests as large groups of people rally against a planned increase in the costs of fuel. After more than a week of protests, the situation remains tense and uncertain.
Thomas Cook, a travel company that ran tours and had its own airline and hotels, has suddenly gone out of business, leaving around 600,000 tourists with no way to get home.
President Trump has begun a "trade war" with China by taxing things they sell to the US. Mr. Trump thinks it will help the US, but experts say it could hurt everyone.
Trade means buying and selling things between countries. Through trade, countries can get things they don't have or can't make, and sell their own things to foreign countries.
A tariff is a special tax that is charged when something comes into a country. Tariffs are used to protect businesses inside a country. Most experts think tariffs don't work very well.
US president Donald Trump has surprised some of America's oldest friends after an important meeting this weekend. Mr. Trump backed out of an agreement and insulted Canada's leader over the Internet.