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Tariff-free technology products will impact domestic industry

November 12 Morning News, China and the United States reached a trade agreement in Monday, will reduce tariffs on a variety of High-tech products, the future, including medical equipment, GPS equipment, video game consoles and other imported goods will be zero tariff. The agreement means that the price of these imported High-tech goods will be lowered in the future and will promote export trade in countries such as the United States. At the same time, some industries with weak competitive edge in the country may face some shocks, as the government's imposition of tariff protection barriers will no longer exist. More imported products will be zero tariff US Trade Representative Michael &mid ...

China, US conclude new trade agreement to reduce tariffs on technology products

November 12 Morning News, China and the United States reached a trade agreement in Monday, will reduce tariffs on a variety of High-tech products, the future, including medical equipment, GPS equipment, video game consoles and other imported goods will be zero tariff. The agreement means that the price of these imported High-tech goods will be lowered in the future and will promote export trade in countries such as the United States. Michael Froman, US trade representative, said in Beijing in Tuesday that the two countries had reached an agreement later in Monday to expand the Information technology trade Agreement (Michael Fromain).

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