Hey there! π Have you ever traded snacks with your friends at school? Imagine if someone suddenly started charging you extra just to swap your sandwich for a cookie. That’s kind of what tariffs are! They’re like extra taxes countries put on goods from other countries, making things more expensive.
Recently, China has been saying “no” to tariffs. But why? π€ Well, China believes that everyone should play fair in the global marketplace. By standing against tariffs, China is trying to make sure that countries can trade without unfair extra costs. This helps keep prices lower and makes trading goods easier for everyone!
This is especially good news for small businesses. π They can sell their products to more people without worrying about extra fees. Plus, it encourages new and exciting companies to innovate and create cool new things! π
By promoting fair trade, China is also supporting teamwork among countries, especially those that are still developing. ππ€ When countries work together fairly, everyone can benefit and grow stronger together.
So next time you trade with a friend, think about how great it feels when everyone plays fair. That’s the kind of world China is encouraging by saying “no” to tariffs! π
Reference(s):
cgtn.com