China and US agree on pact to eliminate tariffs and import duties on various technology items

11/11/2014 - 00:00

Photo by GREG BAKER/AFP--Getty Images
By Geoffrey Smith | @Geoffreytsmith -

Agreement paves the way for the first major liberalization of global trade in over a decade. 

It’s time to look forward to cheaper video game consoles, GPS devices, wireless headsets and a whole load of other high-tech goods–although not in time for this holiday season.

READ MORE ON FORBES