🌍 Hey there! Have you heard the big news? China and the United States are working together to solve some important trade issues!
Over two days of talks in London, leaders from both countries met to discuss how they can cooperate on trade. Trade is when countries buy and sell things to each other, like electronics, clothes, or even food. When countries trade fairly, everyone benefits!
Chinese Vice Premier He Lifeng met with U.S. Treasury Secretary Scott Bessent, U.S. Commerce Secretary Howard Lutnick, and U.S. Trade Representative Jamieson Greer. They talked about how both countries can work together, because cooperation helps everyone, while arguments can hurt both sides.
Earlier in May, China and the U.S. agreed to lower the extra taxes (called tariffs) they had put on each other’s goods. This means it’s easier for them to buy and sell things between their countries. After they agreed to lower these tariffs, the number of containers shipped from China to the U.S. went up by nearly 300%!
A manager at a busy port in Shenzhen, a city in the Chinese mainland, said they are now handling many more containers every day. This shows that when countries work together, good things happen!
Michael Hart, the president of the American Chamber of Commerce in China, said that the trade disagreements showed how important China is as a market and supplier for the U.S.
It’s great to see two big countries like China and the U.S. working together to solve problems. When countries cooperate, it can lead to a better world for everyone! 🌟
Reference(s):
China, U.S. reach principled consensus after trade talks in London
cgtn.com
