We recently referenced the very good news to come from an otherwise very bad President Barack Obama China trip.
The U.S. and China reached an agreement to drop tariffs on a wide range of technology products, in a deal that its backers say could cover $1 trillion in trade and that marks a significant accomplishment amid strained ties between Beijing and Washington.
The two countries late Monday reached a deal to expand the Information Technology Agreement, a global technology trade pact, to cover semiconductors, medical devices, Global Positioning System devices and other newer products, U.S. Trade Representative Michael Froman said Tuesday in Beijing.
The deal–reached late Monday after marathon negotiations and more than a year of stalled talks–could be ratified in December by members of the World Trade Organization (WTO) in Geneva, Switzerland.
Our ally Australia certainly seems to get the myriad advantages of a Less Government-Free Trade existence. More