Trillion-Dollar World Trade Deal Aims To Make IT Products Cheaper

itwbennett writes: A new (tentative) global trade agreement, struck on Friday at a World Trade Organization meeting in Geneva, eliminates tariffs on more than 200 kinds of IT products, ranging from smartphones, routers, and ink cartridges to video game consoles and telecommunications satellites. A full list of products covered was published by the Office of the U.S. Trade Representative, which called the ITA expansion 'great news for the American workers and businesses that design, manufacture, and export state-of-the-art technology and information products, ranging from MRI machines to semiconductors to video game consoles.' The deal covers $1.3 trillion worth of global trade, about 7 percent of total trade today. The deal has approval from 49 countries, and is waiting on just a handful more before it becomes official,

Comments

Not for Brazil

[TheDarkMaster]

Here the parasitic "eletronics industry" (in quotes because we do not have a real electronics industry) managed to keep the barrier of 60% (minimum) of import taxes on any and every electronic product. And that when the customs or the post office do not simply steal it.