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πŸ“° News ⏱ 2 min
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Key Points

4 points
1

India's economy grew 7.8 percent in the first quarter.

2

Canada's new tariffs can be as high as 50 percent on United States goods.

3

The United States will control about one‑fifth of Venezuela's oil fields.

4

Experts say these moves could change prices and jobs worldwide.

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Summary

Canada added very high extra taxes, called tariffs, on many products from the United States.

The United States signed a big deal to get a large share of oil from Venezuela.

These changes can affect jobs, prices, and how countries trade with each other.

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New Words to Learn

6 words
gross domestic product
the total value of everything a country makes
tariffs
extra taxes put on items that come from another country
oil reserves
big underground stores of oil
inflation
when things become more expensive over time
investment
spending money now hoping to earn more later
credit rating
a score that shows how reliable a country is at paying back borrowed money
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