White House: US, China reach 'understanding' on cutting IT tariffs
Arab Today
The United States and China have "reached an understanding" on an agreement to reduce tariffs on information technology trade, the White House said in a statement Tuesday.
Washington hoped the move would "contribute to a rapid conclusion" of negotiations in Geneva on the World Trade Organization's first major tariff-cutting deal in 17 years, President Barack Obama told leaders gathered for an Asia-Pacific summit in Beijing, the statement said.
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