Hello everyone! 😊 There’s some big news in international trade. Starting April 10, China will add an extra 34% tariff on all products imported from the United States. But what does that mean?
A tariff is like a tax that countries put on products they bring in from other countries. When the tariff goes up, imported goods can become more expensive.
China is making this change because the United States decided to put new tariffs on products coming from China. China’s government says that the U.S. move isn’t following international trade rules, and they want to protect their country’s interests.
This could mean that products from the U.S. might cost more in China. It’s important for countries to work together so that trade is fair for everyone. Let’s hope they can find a way to solve this! 🌍🤝
Reference(s):
cgtn.com
