Hey there! 😊 Have you ever heard about tariffs? They’re like extra taxes that countries add to goods they buy from other countries. Recently, a Cambridge economist named Jostein Hauge said that President Trump’s tariffs are unlikely to hurt China or help the US.
So, what’s going on? 🤔 Well, China trades with lots of different countries, not just the US. This means even if the US puts tariffs on Chinese products, China can still trade with other places. This helps China keep its economy strong.
Also, the economist said that President Trump might be using tariffs as a way to make deals with other countries. It’s kinda like when you negotiate with your friends about sharing toys or snacks! 🍪
In the end, these tariffs might not make a big difference for China or the US economy. But it’s important to learn about how countries work together and how that affects all of us! 🌍
Reference(s):
Cambridge economist: Trump's tariffs unlikely to hurt China or spur US
cgtn.com
