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Chinese Embassy in the US: China will not compromise its principles in trade talks

Citing the Chinese Embassy in the United States (US), the Global Times, a highly influential China’s media outlet, stated on X early Thursday that Beijing is unlikely to lower tariffs before the talks in Switzerland begin.

Key quotes

“When asked to comment on the US’ statement that it will not lower tariffs before negotiations begin and has implied 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, it is China’s consistent position to firmly oppose the US abuse of tariffs. China will resolutely safeguard its legitimate rights and interests, uphold international fairness and justice, and defend WTO rules and the multilateral trading system, according to the embassy.”

WTI rises above $58.00, trade uncertainty caps gains

West Texas Intermediate (WTI) crude Oil price recovers some ground during Thursday’s Asian session, trading around $58.10 per barrel after recent losses. The rebound is supported by a decline in US crude inventories.
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Netherlands, The Consumer Spending Volume dipped from previous 2.1% to 0.9% in March

Netherlands, The Consumer Spending Volume dipped from previous 2.1% to 0.9% in March
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