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Talks or no talks: who blinks first in US-China trade war?

Talks or no talks: who blinks first in US-China trade war?

Summary

China is considering discussions with the US about high tariffs, following a statement from a spokesperson for China's Ministry of Commerce. This news comes as the two largest economies in the world face serious trade challenges, with high tariffs present on several Chinese items being exported to the US.

Key Facts

  • A spokesperson for China's Ministry of Commerce said Beijing is thinking about talking to the United States about tariffs.
  • The US and China are having problems around trade because both countries have placed high tariffs on each other's goods. Tariffs are extra charges or taxes on imported goods.
  • Lots of people across the world have been waiting for these talks to happen because the trade problems could cause a worldwide recession. A recession is when the economy of a country (or the world) slows down for a long period.
  • The US has already said it's willing to negotiate with China about the tariffs.
  • Negotiations have not started yet because neither the US nor China want to make the first move and seem weak.
  • There are two main ways to resolve this situation: either a third party intervenes to help the two countries come to an agreement, or one side reaches out first but both sides agree not to see this as a sign of weakness.
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