Trump hails progress in trade talks with China. File photo/ Reuters
WASHINGTON: President Donald Trump is set to meet with Chinese Vice Premier Liu He on Thursday, officials said, signaling that a deal to end a tariff battle between the two countries may be close.
Trump will meet Liu, who is also China’s top trade negotiator, in the afternoon at the White House, according to an official scheduling note from the president’s office.
US and Chinese negotiators are working to find a binding agreement to address Trump’s complaints about years of unfair treatment of US companies by China, which would allow a rollback of the tariffs hitting businesses in both countries.
US officials say that China has been using unfair trade practices for years by heavily subsidizing its companies while snatching the technological know-how of American firms.
On March 29, Trump said that negotiations to end the bruising tariffs battle with Beijing were going “very well,” but reiterated that he will only accept a “great deal.”
Trump said that US and Chinese negotiators were close to a deal, but US officials however played down expectations of an imminent agreement.
European and US stocks climbed on Friday as investors kept a watch on developments at a G20 summit in Japan, where US President Donald Trump and Chinese counterpart Xi Jinping are due to hold key trade talks.
Trade talks between the US and China broke up on Friday with no agreement, hours after President Donald Trump more than doubled tariffs on $200 billion in Chinese imports.
President Donald Trump on Thursday for the first time linked a dispute over telecom giant Huawei, which he views as a threat to American security, with a deal to resolve the US-China trade war.
His Highness Sheikh Humaid Bin Rashid Al Nuaimi, Supreme Council Member and Ruler of Ajman, on Sunday, visited Thumbay Medicity, in the Emirate, and the newly opened Thumbay University Hospital, the latest academic hospital in the region. He was received by founder president of Thumbay Group Dr. Thumbay Moideen and vice-president of Thumbay Group Healthcare Division Akbar Moideen Thumbay.
The UAE has stepped up measures and shall continually seek ways to keep any fraud at bay and not seep into sectors and industries.
The Sharjah Criminal Court has adjourned a case in which five Asians were charged with killing another by hitting him with a sharp tool.
Tenants of Duja Tower, which caught fire on Thursday, began moving back to their respective apartments on Saturday evening after Nasser Lootah Real Estate, the management company of the Tower, opened all apartments deemed habitable by the Dubai Civil Defence, within 36 hours.