U.S. Says Breakthrough Reached to Expand Technology Pact
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The U.S. said it struck an agreement with China to move forward on talks to eliminate tariffs on $1 trillion in global sales of information technology products.
The accord, reached during marathon negotiations at the Asia-Pacific Economic Cooperation summit in Beijing, creates a pathway toward a final deal as soon as December, one that would mark the first major cuts to tariffs at the World Trade Organization in 17 years.