🌐 China is speaking out! Recently, China has told the world that it doesn’t like how the United States is using tariffs. But what’s a tariff? 🤔 A tariff is like a tax that countries add to goods they buy from other countries.
At important meetings in Washington D.C., leaders like Pan Gongsheng, who is in charge of China’s big bank called the People’s Bank of China, said that the U.S. is using too many tariffs. He believes this is causing problems for the whole world’s economy, making it harder for countries to trade and grow together.
Another leader, Finance Minister Lan Fo’an, said that these tariffs are hurting efforts to help poor countries. He spoke about this at a World Bank meeting. Geng Shuang, a Chinese representative at the United Nations, said that the U.S.’s actions are not only affecting big countries like China but also smaller, less wealthy nations like Haiti. He called these actions “cruel and absurd.”
But here’s some good news! 😊 China is promising to keep opening up its markets. This means China wants to buy and sell with more countries without extra taxes. China has already given zero-tariff treatment to the poorest countries it has relations with. This helps those countries grow and develop.
China’s leaders are saying they support free trade, which means countries can buy and sell with each other easily. They believe this will help the global economy be more stable and help everyone work together better. 🌏🤝
Reference(s):
cgtn.com
