Hey everyone! π Did you hear the big news? China and the United States, two of the world’s biggest countries, have been talking and making plans to help each other! πβ€οΈ
In a city called Geneva in Switzerland, famous for being neutral (which means it’s good at helping others get along), leaders from China and the U.S. met for two days to talk about trade. Trade is when countries buy and sell things to each other, like toys, phones, or even soybeans! π±π½
On May 11, Chinese Vice Premier He Lifeng said that both countries made good progress and agreed on many important things. They decided to keep talking and work together on issues they both care about. This is like teammates agreeing to play nicely together to win the game! π€
This is super important because when China and the U.S. get along, it helps the whole world! π You know how when friends fight, it can make everyone around them feel sad or uncomfortable? It’s the same with countries. When China and the U.S. trade smoothly, it keeps prices stable and makes sure we all get the things we need, like new phones or yummy food. ππ¦
Before, there were problems called “tariffs,” which are extra taxes on things countries buy from each other. It’s like having to pay extra to buy candy just because it’s from a different store! π¬π° But now, both countries are trying to fix these issues so everyone can be happier.
Even important people like Nobel Prize winners and famous economists said that these tariffs were causing confusion and problems around the world. π₯ They made a declaration saying so! Also, many people in other countries started feeling less positive about the U.S. because of these issues.
In America, regular people were feeling the effects too. Prices went up, and businesses had a hard time. For example, some companies had to raise their prices a lot, and others saw their profits drop quickly. π£
But now, with China and the U.S. talking and working things out, there’s hope! π Vice Premier He said that their trade ties are good for both countries. By solving problems through talking and listening, they can help people live better lives without the worries caused by disagreements.
The journey isn’t over yet. There’s still a lot of work to do, and the negotiations might be tough. But if both countries keep their promises and continue to cooperate, the future looks bright for everyone around the world! πβ¨
Reference(s):
After Geneva progress, the U.S. needs to make its words count
cgtn.com