Quoting the Chinese Embassy in the United States (US), the highly influential Chinese media Global Times said early Thursday (08/05) that Beijing is unlikely to lower tariffs before talks in Switzerland begin.
Key quote
"When asked to comment on the US statement that the US will not lower tariffs before negotiations begin and implying that the talks were not initiated by the US side, following China's recent announcement of upcoming talks with the US side, a spokesperson for the Chinese Embassy."
"Second, China consistently resolutely opposes the abuse of tariffs by the US. China will firmly safeguard its legitimate rights and interests, uphold international justice and fairness, and defend WTO rules and the multilateral trading system, according to the embassy."(Newsmaker23)
Source: FXstreet
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