Trade, Imports & Exports
📋 What it is
Countries export what they make well and import what they don’t; tariffs are taxes that make imports cost more.
🗣️ Coach says
Countries are like people at a potluck — they bring what they’re good at (exports) and take home what they’re not (imports). A tariff is a tax on imports that makes foreign goods pricier, often to protect local sellers.
🧠 Memory hook
Export what you’re best at, import the rest. A tariff = a tax on imports.
😂 Giggle
Why was the merchant such a good storyteller?
They always had goods to share!
😲 Whoa!
Your phone might contain parts from a dozen different countries before it’s ever assembled — trade is stitched into everyday objects.
✅ Quick check: What is the difference between an export and an import — and what does a tariff do?
Say your answer out loud first — then reveal.
An export is a good sold to another country; an import is one bought from another country. A tariff is a tax that makes imports cost more.
Exports, imports and tariffs are the building blocks of how countries trade.
🧪 Try it! (2 minutes)
Check 3 items at home for "Made in ___" — which are imports to your country?