Hey there! 📰 Have you heard about the latest news between China and Canada?
China is not happy with Canada right now because Canada has decided to put extra taxes, called tariffs, on products that have Chinese steel in them. 🛠️
So, what’s going on? Let’s break it down:
- Canada’s New Tariffs: Starting from August 1, Canada is adding a 25% extra cost on certain steel products that come from countries other than the United States, especially if the steel was made in the Chinese mainland.
- Why is China Upset? China says that Canada’s actions are unfair and break the rules of the World Trade Organization (WTO), which is like a big club of countries that agree on fair trade rules. 🌍
- What Does China Say? A spokesperson from China’s Ministry of Commerce said that these tariffs are harmful and they hurt the good trade relationship between China and Canada. They believe Canada is blaming others for problems caused by the United States’ own tariffs.
- Hoping for a Solution: China hopes that Canada will stop these extra tariffs and work together to keep trade fair and friendly between the two countries. 🤝
Trade between countries is like sharing and exchanging stuff, and it’s important to do it fairly so everyone can benefit. Let’s hope they can work it out! 🌟
Reference(s):
China denounces Canada's tariffs on products containing Chinese steel
cgtn.com
