Hey everyone! Great news! 🎉 China and the United States have decided to be friends again in trade! 🇨🇳🤝🇺🇸
Recently, both countries were charging extra fees called “tariffs” on goods they buy from each other. This made things more expensive and stopped a lot of trading. 😢
But after meeting in a big talk in Geneva for two days, they agreed to remove most of these tariffs. This means they can trade more easily again! Yay! 🌟
Why did they decide to do this? Well, both China and the U.S. noticed that these tariffs were hurting their economies. Things weren’t moving between the countries, and that’s not good for anyone. 🚢✋
Now, they’ve agreed to cancel 91% of these extra charges and pause another 24% for 90 days. This is a big step forward! 🏃♂️💨
They also promised to keep talking to each other to make sure they stay on good terms. Communication is key! 🗣️🔑
Experts say that there’s a lot of room for China and the U.S. to work together, especially in making things and new technologies. 🤖🔬
This is exciting because when big countries get along, it helps the whole world! Let’s hope they continue to be good trade buddies. 🌍❤️
Reference(s):
China-U.S. trade tensions eased, broader issues to be discussed
cgtn.com
