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Trump delays tariff increases on China, to meet Xi (Lead)
Washington, Feb 25 (IANS) US President Donald Trump has delayed the March 1 deadline to increase American tariffs on Chinese goods and said that he would be planning a summit with his Chinese counterpart Xi Jinping at his Florida resort to finalise a trade agreement.
“I am pleased to report that the US has made substantial progress in our trade talks with China on important structural issues including intellectual property protection, technology transfer, agriculture, services, currency, and many other issues,” Trump said on Sunday in a series of tweets.
“As a result of these very productive talks, I will be delaying the US increase in tariffs now scheduled for March 1. Assuming both sides make additional progress, we will be planning a summit for President Xi and myself, at Mar-a-Lago, to conclude an agreement. A very good weekend for US and China.”
The Trump administration had set March 1 as the deadline whereby a trade deal had to be reached in the US-China talks or else Washington would hike tariffs from 10 to 25 per cent on some $200 billion in yearly imports of Chinese goods.
The announcement comes as Trump prepares to meet North Korean leader Kim Jong-un for their second summit in Hanoi, Vietnam, on Wednesday and Thursday.
Earlier on Sunday, Trump tweeted about the important role China is playing ahead of the talks with Kim, saying: “President Xi of China has been very helpful in his support of my meeting with Kim Jong-un. The last thing China wants are large scale nuclear weapons right next door.
“Sanctions placed on the border by China and Russia have been very helpful. Great relationship with Chairman Kim.”
In the Oval Office on Friday, Trump expressed similar optimism about trade negotiations with China, predicting there was a “very good chance” that the US and China would reach a trade agreement.
Trump also suggested that if substantial progress was made, he “would be inclined” to allow up to a month longer for negotiations.
The President’s announcement followed days of negotiations in which American and Chinese officials met last week near the White House to work line-by-line through a handful of documents covering intellectual property, services and subsidies, The New York Times reported.
The Chinese were ready to commit to billions of dollars of purchases of American soybeans, beef, natural gas and other products, though they have resisted more structural changes to their economy.
An American delegation is expected to travel to Beijing soon to continue to work out the remaining differences.
The trade war between the world’s two biggest economies was sparked by Trump’s aggressive protectionist stance and has generated uncertainty and volatility in international financial markets for months.
–IANS
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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.