The United States announced that China agreed to end a series of "famous brand" subsidies for a range of goods that Washington challenged as illegal at the World Trade Organization.
The office of the US Trade Representative said on Friday, "The termination of the subsidies will level the playing field for American workers in a wide range of manufacturing and export sectors, including household electronic appliances, textiles and apparel, light-manufacturing industries, agricultural and food products, metal and chemical products, medicines, and health products."
(Source: Brisbane Times)