Obama: US, China reach 'understanding' on deal to eliminate tariffs on high-tech goods

November 11, 2014 3:33 AM

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Obama: US, China reach 'understanding' on deal to eliminate tariffs on high-tech goods

U.S. President Barack Obama looks upwards at the the Asia-Pacific Economic Cooperation (APEC) Summit plenary session at the International Convention Center, Yanqi, Tuesday, Nov. 11, 2014 in Beijing. (AP Photo/Pablo Martinez Monsivais, Pool) (The Associated Press)

BEIJING – President Barack Obama says the United States and China have reached an "understanding" in negotiations to eliminate tariffs on high-tech goods.

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