Have you ever traded toys or games with friends? 🎮🧸 Imagine if one friend started making it harder for others to trade with them. That’s kind of what’s happening between China and the United States right now! 🇨🇳🤝🇺🇸
What’s a Tariff? 📊
A tariff is like a tax that a country adds to products coming from another country. 💸 This makes the products more expensive. The United States has added tariffs to many products from China.
Why is China Upset? 😠
On Thursday, China’s Ministry of Commerce said that these tariffs are unfair. They believe the U.S. is using tariffs to protect its own businesses in a way that isn’t fair to others. They called it unilateralism (when one country makes decisions without considering others) and protectionism (when a country tries to protect its own businesses by making it harder for others to compete).
What Did China Say? 🗣️
He Yongqian, a spokesperson for China’s Ministry of Commerce, said that these tariffs have been ruled unfair by the World Trade Organization (WTO). The WTO is like a referee 🏆 for countries to make sure everyone plays by the rules in trade.
What’s Next? 🔮
China and other countries are asking the U.S. to remove these tariffs, especially the ones on steel and aluminum. They believe these tariffs don’t actually help with national security but instead make trading harder for everyone.
Why Should We Care? 🌍
When big countries like China and the U.S. have disagreements over trade, it can affect the prices of things we buy and impact the global economy. It’s important for countries to work together fairly so everyone can benefit!
Reference(s):
China says U.S. tariffs highlight unilateralism, protectionism
cgtn.com
