Utah Businessman Welcomes New U.S.-China Trade Agreement
President Barack Obama announced a new agreement between the U.S. and China to eliminate tariffs on many technology products. The White House says it will boost U.S. exports and create as many as 60,000 new jobs.
Included in the long list of products are video game consoles, GPS devices, semiconductors, loud speakers, printer ink cartridges, computer chips and medical devices like MRI and CT scanners.
The agreement has to be approved by the World Trade Organization, but it is getting bipartisan support in the U.S. with Utah Republican Sen. Orin Hatch saying it would be “a big win for American manufacturers of cutting edge technologies.”
Ray Kimber, founder of Kimber Kable, an audio and video cable company in Ogden, Utah speaks with Here & Now‘s Jeremy Hobson about what this trade deal means for businesses in the U.S.
Copyright 2021 NPR. To see more, visit https://www.npr.org.