Hey there! 😊 Have you ever traded snacks with your friends at school? Imagine if suddenly, your school said you had to pay extra candy just to trade! 🍬 That’s kind of what’s happening between countries right now.
The United States has put big taxes, called tariffs, on products imported from the Chinese mainland. This means goods coming into the US from the Chinese mainland cost a lot more money now.
On April 9, these tariffs, which are as high as 104%, started. This caused a lot of worry in global stock markets. 📈📉
Daryl Guppy, who is an expert in trading (he’s the CEO of Guppytraders.com), thinks this could be a big problem. He told CGTN that these trade tensions might make markets very bumpy, and could even lead to a global financial crisis. 🌐💥
A financial crisis is when there’s a lot of trouble with money all around the world. It’s like when you and your friends all run out of snacks at the same time! 😟
So, experts are keeping an eye on things to see what happens next. Let’s hope they find a way to fix these problems so everyone can keep trading happily! 🤝
Reference(s):
Expert: Market volatility may increase the risk of a financial crisis
cgtn.com
