News

US and China Reach Free Trade Tech Deal

In the first major free trade deal in nearly twenty years, the US and China have reached a monumental agreement to cut international tariffs on a wide range of technological equipment. The deal is the culmination of years of diplomatic negotiation, and strengthens the occasionally frosty relationship between the two global economic superpowers.

“This is encouraging news for the U.S.-China relationship,” Michael Froman from the Office of the United States Trade Representative was quoted by Reuters as saying. “It shows how the U.S. and China work together to both advance our bilateral economic agenda but also to support the multilateral trading system.”

The US is set to benefit most from the deal, since China is the biggest exporter of electronic equipment in the world, but the agreement may be the first step towards a global deal currently being considered at Geneva’s World Trade Organisation.

Source: Fortune

Ashley Allen

Disqus Comments Loading...

Recent Posts

Nvidia’s GeForce RTX 5090 Possible Price Revealed

According to a new report, the GeForce RTX 5090 GPU will be very expensive. It…

4 hours ago

AMD Krackan Processor with 6 Zen 5 and Zen 5c Cores for Budget AI Laptops Leaked

A new AMD processor in the form of an engineering model has been leaked in…

4 hours ago

SK Hynix Begins Production of First 321-Layer NAND Chips

SK Hynix has claimed to be the first company to mass-produce 321-layer NAND memory chips.…

5 hours ago

Trust Gaming GXT 609 Zoxa 2.0 PC Speakers

SOUNDS GREAT – Full stereo sound (12W peak power) gives your setup a booming audio…

9 hours ago

PowerA Wired Controller for Nintendo Switch

Special Edition Yoshi design Ergonomic controller shape with Nintendo Switch button layout Detachable 10ft (3m)…

9 hours ago

Logitech G Saitek PRO Flight Rudder Pedals

Fluid Motion: These flight rudder pedals are smooth and accurate that enable precise control over…

9 hours ago