US-China Business – level 1

12-02-2020 07:00

China and the US do a lot of business together. China wants to reduce the taxes on things that the country imports from the US. China changes some taxes in February. Some products with the new tax are, for example, pork, soybeans, or car parts.

The situation between the US and China is not easy. The two countries want to do business together; however, there are a lot of problems. China and the US have different political ideas.

China and the US sign a new trade deal. The US wants to change the taxes. China agrees to buy US products. It is not clear what happens in the future. It depends on the money and trade situation between the two countries.

Difficult words: reduce (to make smaller in amount), tax (money that people pay to a government when they buy something), import (to bring from another country).

You can watch the original video in the Level 3 section.

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