China and U.S. Work Together to Reduce Tariffs! 🤝
Hey kids! 📢 Did you hear the big news? China and the United States are teaming up to make trading goods easier between them! 🌏🚢
So, what’s happening? Both countries have decided to reduce some extra taxes called tariffs that they had put on each other’s products. Tariffs are like extra costs added to things when they are sold from one country to another.
Imagine you have a cool toy that you want to trade with a friend, but your friend says you have to give them five candies first. That’s kind of like a tariff! 🍭🍭🍭
By lowering these tariffs, it’s like saying, “Let’s trade without the extra candies!” This makes it easier and cheaper for people in both countries to buy and sell things. 🎉
The decision came after a big meeting in Geneva, where leaders from both countries talked about how important it is to work together. They agreed to pause or reduce some of these extra taxes for 90 days starting from April 2nd. 🗓️
This is great news because it can help businesses, create jobs, and make cool products more affordable for everyone! 🛍️💡
Both China and the U.S. promised to keep talking and find more ways to cooperate in the future. Stay tuned for more updates! 📺
Reference(s):
cgtn.com
