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Trump talks tough on trade at APEC Summit in Vietnam (Third Lead)
Da Nang (Vietnam), Nov 10 (IANS) US President Donald Trump revived his tough talk on trade on Friday at the Asia-Pacific Economic Cooperation Summit (APEC) here, warning he will not allow “the US to be taken advantage of any more.”
Speaking at a gathering of business leaders, Trump demanded trade “on a fair and equal basis” and returned to his campaign rhetoric, promising to place America first in global deals and agreements.
“We are not going to let the US be taken advantage of any more,” Trump said, speaking shortly after arriving in Vietnam, his fourth stop on a five-country tour through Asia.
“I am always going to put America first, the same way that I expect all of you in this room to put your countries first,” the Washington Post reported.
APEC brings together 21 economies from the Pacific region — the equivalent of about 60 per cent of the world’s GDP.
The US President’s more fiery and protectionist tone offered a stark departure from just a day earlier, when in Beijing, Trump seemed reluctant to press his case as sharply with Chinese President Xi Jinping, the Post said.
There, Trump lavished praise on Xi and blamed his predecessors, not China, for the trade imbalance.
He also laid out Washington’s new approach to trade, telling the audience at the summit on Friday that he would no longer pursue multi-national trade agreements “that tie our hands, surrender our sovereignty and make meaningful enforcement practically impossible.
“I will make bilateral trade agreements with any Indo-Pacific nation that wants to be our partner and that will abide by the principles of fair and reciprocal trade,” Trump said without directly mentioning Trans-Pacific Partnership (TPP), a major trade deal with 12 APEC member countries.
After taking office, Trump pulled the US out of the TPP, arguing it would hurt US economic interests.
In a tacit knock on Chinese leaders, the US leader said Washington would “no longer tolerate the audacious theft of intellectual property”, CNN reported.
“We will confront the destructive practices of forcing businesses to surrender their technology to the state, and forcing them into joint ventures in exchange for market access,” he said.
Businesses in the US have long complained about China failing to honour intellectual property rights.
Xi, speaking at the event shortly after Trump, did not respond to his speech but said economic globalization had become an “irreversible historical trend”.
“Against the backdrop of evolving global developments, economic globalization also faces new adjustments both in form and substance,” Xi said.
“In pursuing economic globalization, we should make it more open, more inclusive, more balanced, more equitable and more beneficial to all.”
Trump also continued the tough talk on North Korea. He said the region “must not be held hostage to a dictator’s twisted fantasies of violent conquest and nuclear blackmail”.
APEC comprises Australia, Brunei, Canada, Chile, China, South Korea, the US, the Philippines, Hong Kong, Indonesia, Japan, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, Russia, Singapore, Taipei, Thailand and Vietnam.
After Vietnam, Trump will travel to the Philippines for an Association of Southeast Asian Nations (Asean) Summit.
–IANS
soni/mr
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Dr. Abhishek Verma Dedicates a Shelter in Memory of His Mother, Veena Verma, at KGMU; Inaugurated by Daughter Nicolle Verma
World-renowned business tycoon Dr. Abhishek Verma has supported Foodman Vishal Singh’s Hunger-Free World mission. In memory of his mother, Late Veena Verma, who was a 3 term Rajya Sabha MP.
Dr. Verma dedicated a state-of-the-art free permanent shelter for the attendants of patients at KGMU Medical University, Lucknow, under the aegis of Vijay Shree Foundation. His daughter, Nicolle Verma, inaugurated the shelter.
During the event, Foodman Vishal Singh honored Nicolle Verma by presenting her with a memento. Mrs. Nidhi Sharma and Avantika Yadav, associated with the organization, welcomed her with garlands. Following this, Nicolle Verma distributed essential items to the attendants and also handed out fruits. She became emotional remembering her grandmother on her birth anniversary.
On this occasion, she also inaugurated the “Veena Verma Sevalaya” in memory of her grandmother, Veena Verma, to serve the attendants. She expressed, “I feel proud that my family is engaged in nation-building as well as social service. Today, in collaboration with Vijay Shree Foundation founder Foodman Vishal Singh Ji, I feel immensely proud to dedicate this shelter for the poor, helpless, and needy attendants of patients battling serious illnesses like cancer. I am honored to be associated with the Hunger-Free World Mission for humanity.”
Inspired by the continuous humanitarian service provided by Vijay Shree Foundation over the past 17 years, Nicolle Verma donated 10 lakh rupees to support the cause. The purpose of this donation is to ensure that services continue for the needy attendants of patients suffering from severe illnesses in hospitals, as facilitated by Foodman Vishal Singh.
It is noteworthy that Dr. Abhishek Verma’s family has a legacy of public and philanthropic service. They are helping millions to carry forward the values and service work of their parents. On the occasion of his mother’s birth anniversary, Dr. Abhishek Verma dedicated this state-of-the-art permanent shelter at Lucknow Medical College to serve the attendants of patients through the Vijay Shree Foundation.
Supporting Foodman Vishal Singh’s Hunger-Free World mission, Dr. Abhishek Verma assured that he would continually support keeping this flame of humanity alive. He also promised to assist in providing medicines to the helpless patients.
Continuing her grandmother’s legacy of service, Nicolle Verma personally served food to the needy patients and attendants. She said, “It is our good fortune to have received the joy of doing this noble work today through Foodman Vishal Singh. I have taken another step forward in carrying my family’s values and cooperation by joining hands with the Vijay Shree Foundation. My father taught me to serve and help the needy, and I feel happy when I bring a smile to someone’s face.”
On the birth anniversary of the late Veena Verma, the event organizer, Vijay Shree Foundation founder Foodman Vishal Singh, said, “We feel proud and happy that Dr. Abhishek Verma, a globally renowned business tycoon, has extended his support to uplift our country from the hunger index. Today, on his mother’s birth anniversary, he inaugurated a state-of-the-art permanent shelter at Lucknow Medical College, which will always be helpful for the needy attendants of patients. It is a pleasure for me and the organization to receive the affection of Mr. Verma.”
The event was attended by General Manager Verma Family Office Hemant Garg, Sonu Rajput, and the organization’s volunteers, including Sandeep Singh, Parmeshwar Ji, Prashant Rao Gautam, Balram Singh, Ramesh Chaudhary, Suman, Jeetu, Anil, Suraj, Vinay, Manish Bhadauria, Manas Mehrotra, Vivek, Apurv, Happy, and others.
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