Hey kids! Have you heard about the big talks happening between China and the United States? Let’s break it down together!
The World Trade Organization (WTO) is a group where countries come together to make rules about trade, which is how countries buy and sell things from each other. They had a meeting in Geneva, Switzerland, to talk about some problems.
China is upset because the United States, led by President Trump, has put extra taxes called “tariffs” on all the things that China sells to the US. Imagine if your friend started charging you extra candy every time you wanted to trade stickers! Not cool, right? 🍬🚫
Because of these tariffs, China decided to put their own tariffs on stuff the US sells to them. They also went to the WTO to complain and try to fix the problem.
At the meeting, people from different countries like Malaysia, Russia, and others talked about these issues. They all agreed it’s important to follow the rules and work together so that trade stays fair and everyone benefits.
China’s representative, Li Chenggang, said that these “tariff shocks” make things uncertain and could even hurt the world’s economy. On the other side, the US representative, David Bisbee, said that China’s way of doing business isn’t fair.
It’s like a big argument, but the WTO is trying to help everyone get along and find solutions. It’s important for countries to cooperate so that people around the world can enjoy goods and services from different places! 🌏❤️
Trade can be complicated, but it’s all about sharing and fairness. Let’s hope they find a way to work it out! 🤝
Reference(s):
'Constructive' WTO talks after China condemns Trump's 'tariff shocks'
cgtn.com
