Top News
US business leader calls for more ‘normalized’ trade ties with China
Washington, Jan 6 (IANS) As the US and China continue their trade talks, Gary Shapiro, president and CEO of the US Consumer Technology Association (CTA), said he would like to see a more “normalized” trade ties with China, arguing that tariffs are not the right mechanism to solve the problems.
Shapiro made the remarks in an interview with Xinhua ahead of the 2019 Consumer Electronics Show (CES), which will be held in Las Vegas from Tuesday to Friday. The annual tech show was created by the association in 1967.
“Tariffs on Chinese products are costing the US tech industry and American consumers about a billion dollars a month,” Shapiro said, noting that this is based on a comparison of data between October 2018 and October 2017.
Shapiro said there is a sense among American companies that the US-China trade relationship does need to change, but he thinks “there are other ways to deal with it,” such as through bilateral and multilateral trade agreements.
Shapiro has repeatedly spoken out against additional tariffs on Chinese imports. “We look forward to continued progress between the US and China — eliminating the current tariffs and not adding new trade taxes to even more products — so we can keep our economy strong and our job creation growing,” he said in a statement in early December.
Despite the strain created by the trade discussions, the relationship between the CTA and the technology industry in China is “strong and important,” Shapiro told Xinhua.
When asked about how he views the US Commerce Department’s plan to control the exports of emerging technologies, Shapiro said he is “concerned” about the impact on US innovation.
The department said in November that it plans to impose export controls on 14 categories of emerging and foundational technologies that are “essential” to national security, including artificial intelligence (AI), advanced computing technology and biotechnology.
“That will limit export opportunities or restrict the flow of information and the advancement of AI, especially in the US,” Shapiro said. “That is not something we favour.”
Public comments will be accepted by the department until Thursday. Shapiro said his association is planning to submit their comments before the deadline.
For this year’s CES tech show, almost 14 percent of the 2.9 million square feet (about 270,000 square meters) of exhibit space will be occupied by more than 1,200 China-related companies, Shapiro said, adding that the size and space are “roughly even” compared with last year.
Companies such as Alibaba, Baidu and JD.com come to the CES to form partnerships and establish relationships, while companies including Haier and Hisense see the CES as a way to meet their sellers and buyers. “Every company is different,” Shapiro said. “They are looking to build brand awareness here.”
–IANS
prs
Top News
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.
Foodman Vishal Singh Honored for Hunger Free World Mission in Bangkok
Dr. Abhishek Verma Dedicates a Shelter in Memory of His Mother, Veena Verma, at KGMU; Inaugurated by Daughter Nicolle Verma
Cheers and Cheers: Barzilla’s Joyful Ode to Inclusivity and Celebration
Casino Days Reveal Internal Data on Most Popular Smartphones
Meghalaya Reserves Legalized Gambling and Sports Betting for Tourists
IPL 20202 UPDATE: KXIP vs MI IPL Dream11 Team Prediction for Today Match, Update Point Table of all Team.
In a Live debate AAP leader Syed Asad Abbas hurls abuses to BJP spokesperson Nupur Sharma.
‘India’s Most Wanted’ trailer out Arjun Kapoor on hunt of Osama-Bin-Laden
Time to move on: Sonakshi on Shatrughan’s joining Congress
