Jimmy Carter commends Alwaleed’s global role

Updated 27 March 2015

Jimmy Carter commends Alwaleed’s global role

Prince Alwaleed bin Talal, chairman of Kingdom Holding Company, and chairman of Alwaleed bin Talal Foundations, received at Kingdom Resort, Jimmy Carter, former US president and Rosalynn Carter.
Carter’s visit was part of an official trip to Saudi Arabia.
To mark the occasion, the prince hosted a dinner in honor of his guest at Kingdom Resort.
Carter was accompanied by a delegation from the Carter Center that included Curtis Kohlhaas, chief development officer, Hrair Balian, director, Conflict Resolution Program and Beth Davis, scheduler.
In addition, the meeting was attended by Timothy A. Lenderking, deputy chief of mission, embassy of the US to Saudi Arabia.
The meeting began as Carter discussed the long standing friendship between Saudi Arabia and the US.
Prince Alwaleed and Carter discussed the prince’s local, regional and international investments in the various sectors of media, banking, hotels and real estate.
Furthermore, on the agenda of discussions were the prince’s global donations through the activities of the Alwaleed bin Talal philanthropic and humanitarian foundations.
Moreover, on the agenda of discussions were the philanthropic efforts made by the Carter Center and the center’s current projects and programs.
Also, Carter commended the prince on his efforts to encourage East-West dialogue to bridge the understanding between the two cultures.
Prince Alwaleed donated $20 million to Georgetown University as a gift to support and expand its Center for Muslim-Christian Understanding (CMCU) and donated $20 million to Harvard University to create the University-wide Islamic Studies Program.
Furthermore, the prince donated $10 million to the American University in Cairo and $5 million to the American University in Beirut.


US removes some Chinese furniture, modems from planned 10% tariffs

Updated 17 August 2019

US removes some Chinese furniture, modems from planned 10% tariffs

  • US President Donald Trump on Tuesday delayed more than half of the proposed tariffs until December
  • The $114 billion retail furniture industry has been among the sector’s hardest hit with price increases due to Trump’s tariffs

WASHINGTON: The Trump administration is sparing some Chinese-made household furniture, baby items and Internet modems and routers from its next rounds of 10 percent tariffs, it said on Friday.
The US Trade Representative’s office released a complete list of the items that were removed from $300 billion in tariffs scheduled to go into effect on Sept. 1 and Dec. 15, some of which had already been hit with 25 percent tariffs.
Trump on Tuesday delayed more than half of the proposed tariffs until December, saying it would help shield businesses and consumers from the US-China trade war fallout during the Christmas selling season.
The new list of 44 categories of spared imports, worth about $7.8 billion according to US Census Bureau data, also includes some chemical compounds used in the manufacture of plastics. Reuters previously reported that bibles and religious texts would be spared from the tariff list.
Modems and routers made in China were part of a $200 billion list of products hit with tariffs last September that have since been raised to 25 percent. Friday’s exclusion would avoid a further 10 percent hike as Trump imposes tariffs on Sept. 1 to products in the same broad customs category, including smart watches, smart speakers and Bluetooth headphones.
The bulk of the items removed from the tariff list were furniture products, including wooden- and metal-framed chairs and those made of plastics. Some of these were previously hit with tariffs as part of broader furniture categories.
Baby-related furniture items also were spared, including toddler beds, bassinets, cradles, strollers and children’s seats.
The $114 billion retail furniture industry has been among the sector’s hardest hit with price increases due to Trump’s tariffs, which rose to 25 percent in May.
The US Labor Department said on Tuesday that the price index for household furnishings rose 0.4 percent in July, marking its third consecutive monthly increase and contributing to broad-based growth in consumer prices during July.