U.S., China in historic deal to end tech tariffs

November 11, 2014 8:17 PM

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The U.S. and China reached a historic agreement late Monday to eliminate tariffs on the global trade of $1 trillion in high-tech products in a development that's expected to support up to 60,000 new U.S. jobs.

The tentative accord covers some 200 product lines, from printer cartridges and semiconductors to video game consoles and magnetic resonance imaging machines.

Also read: A U.S.-China Trade War Would Reshape Tech Investment

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