Hey there! Guess what? China and the United States are meeting up in Switzerland to talk about trade! 🌍🤝
After weeks of tariffs (that’s like extra taxes on goods from another country) between the two countries, they’re finally sitting down to chat from May 9 to 12.
This meeting is a big deal because it’s the first high-level talk between China and the U.S. since the tariffs began. They’re meeting in Switzerland, a neutral country. That means Switzerland doesn’t take sides, so it’s a fair place for both countries to talk. 🇨🇭
Chinese Vice Premier He Lifeng will meet with U.S. Treasury Secretary Scott Bessent. The U.S. really wants to talk to China, and China agreed after thinking about what the world wants, what’s good for their own country, and what American businesses and shoppers are saying.
Many people around the world are hoping these two big countries can work things out. Businesses and shoppers in the U.S. are worried because high tariffs can make things more expensive.
A researcher named Sun Chenghao said that by meeting, China wants to help the U.S. make smart choices and stop causing problems for the world economy.
The International Monetary Fund (IMF), which keeps an eye on how the world’s money is doing, said that the economy could slow down because of these tariffs. For example, they changed their prediction for global growth in 2025 from 3.3% to 2.8%—that’s a big drop! 📉
When people heard about the meeting, stock markets went up! That means investors felt hopeful. 📈
The U.S. said China might not handle more tariffs, but China’s spokesperson Lin Jian said, “No way! Our economy is strong and steady.” 💪
China has a big market and lots of people who buy things. They also have ways to push back, like adding their own tariffs on U.S. goods and controlling exports of important materials.
China also works with many other countries, so they aren’t relying only on the U.S. They want other countries to know that making deals with the U.S. by giving up your own interests isn’t the way to go.
Sun said it’s important to stand firm and work together so the U.S. will be fair in talks.
It’s exciting to see these two big countries talking. Hopefully, they can make agreements that help everyone! 🤗
Reference(s):
What messages are the upcoming first China-U.S. trade talks sending?
cgtn.com
