China’s Metals Group Speaks Out Against U.S. Tariffs 🚫
Hey friends! Did you hear about what’s happening between China and the United States? Let’s break it down together!
The China Chamber of Commerce of Metals, Minerals & Chemicals Importers & Exporters (that’s a big name, so let’s call them CCCMC 😊) is a group in China that helps companies that buy and sell metals and minerals.
Recently, the United States decided to put extra taxes, called tariffs, on some goods that are traded between the two countries. Tariffs make imported goods more expensive. The CCCMC thinks this isn’t fair and they are worried about it.
Why are they worried?
- They believe it breaks the rules of the World Trade Organization (WTO), which is like a worldwide club that sets fair trading rules between countries.
- They think it could hurt businesses in both countries by making things more expensive.
- It might make prices go up in the United States, which could make things harder for people buying things there.
The CCCMC said, “Trade wars produce no winners.” Imagine if you and your friend kept taking each other’s toys—both of you would end up unhappy! That’s kind of what’s happening here.
They are asking the United States to stop adding these extra taxes. They also support China taking steps to protect their own businesses.
The CCCMC is also asking other groups around the world to join them in saying “No!” to these trade practices. They want everyone to work together to solve the problems.
It’s important for countries to work together so everyone can benefit. Let’s hope they find a fair solution soon! 🤞
Reference(s):
China's metals industry group opposes U.S. 'reciprocal tariffs'
cgtn.com
