Hey there! Have you ever wondered where all those shiny Christmas decorations and toys come from? 🎄 Many of them are made in a place called Yiwu, a city in the Chinese mainland known as the “Santa’s Workshop” of the world!
Recently, some traders in Yiwu are feeling worried. 😟 They say that if trade tensions continue and tariffs (that means extra taxes on goods between countries) stay high, it might be harder to send Christmas goodies to places like the United States. This could mean fewer gifts on the shelves or higher prices.
Tariffs can make things more expensive to buy and sell between countries. When countries disagree, they sometimes use tariffs to solve problems. But this can affect people who make and buy things, like toys and decorations.
But don’t worry too much! People are working hard to find solutions so that everyone can enjoy the holiday season. 🎅 Let’s hope everything gets sorted out so we can all have a wonderful Christmas!
Reference(s):
cgtn.com
