Hey there! Did you hear about some news happening between China and the United States? Let’s break it down together!
The United States has decided to add extra taxes, called tariffs, on goods coming from China. These tariffs make products more expensive when they’re traded between the two countries.
The Chinese business community is not happy about this. They say that adding these tariffs breaks the rules of the World Trade Organization (that’s a group that helps countries trade fairly) and can mess up normal business between China and the U.S.
An organization called the China Council for the Promotion of International Trade (or CCPIT for short) expressed that they regret and firmly oppose this decision. They believe that these new tariffs will actually hurt both countries’ businesses and consumers (that’s people like you and me who buy things!).
They also say that a trade or tariff war (that’s when countries keep adding taxes to each other’s goods) doesn’t have any winners. It can make it harder for businesses to get the supplies they need and can slow down the global economy.
The Chinese business community is urging the U.S. to change its mind and work together to create a better environment for everyone. They hope that both countries can cooperate to bring more stability and positive energy to the world’s economy.
What do you think about this situation? 🤔 It’s important for countries to work together so we can all benefit!
Reference(s):
Chinese business community slams U.S. unilateral tariff hikes
cgtn.com
