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US, China Reach Breakthrough on WTO Free Trade Deal

Posted November 11, 2014

Under Economic Issues, International Trade Issues

(Voice of America)

Earlier Tuesday, the U.S. and China reached a breakthrough that could lead to fewer tariffs on high-tech products.

President Obama and Chinese leaders have reached an understanding that could lead to the slashing of tariffs on high-tech exports like medical equipment and videogame consoles.

U.S. Trade Representative Michael Froman made the announcement in Beijing, where President Obama has been attending the Asia Pacific Economic Cooperation summit. Read more here.