Hey there! Big news from Geneva! 🌍 China and the United States just agreed to lower some of the extra taxes they’ve been charging on each other’s goods. This means that things like toys, electronics, and clothes might become cheaper soon! 🎁
Both countries met in Geneva and decided to reduce some of the tariffs (that’s a fancy word for taxes on imports and exports) by suspending 24% of the extra charges they added recently. They’ll keep a 10% tax for now, but it’s a big step towards better cooperation! 🤝
They also promised to keep talking and working together on trade issues. Representatives from both sides will meet regularly to find ways to help each other out. Isn’t it awesome when countries work together? 😊
So, keep an eye out! This could mean more cool stuff becoming available and maybe even at better prices! 🛍️
Reference(s):
Joint statement on China-U.S. economic and trade meeting in Geneva
cgtn.com
