The Chinese and US governments are closing in on a significant technology trade deal that would dismantle barriers to the transfer of hardware including games consoles, processors and GPS systems.
The more positive news saw the two governments make significant progress towards an extension of the Information Technology Agreement (ITA), according to Mike Froman, the US trade representative, who described the progress in the tariff talks as a breakthrough.
The accord means the ITA can now go forward for approval by the World Trade Organisation and paves the way for lower cost technology transfers by removing tariffs on the sale of certains goods between the two nations.
"The United States and China have been working to close our differences but without a breakthrough sufficient to resume the plurilateral negotiations in Geneva," Froman said.
"And that finally changed here last night with an agreement between the US and China that we expect will pave the way for the resumption of ITA negotiations in Geneva and their swift conclusion."
However, the US said it would also push the Chinese on other IT-related issues, including cyber security and hacking where the US has made several provocative moves towards China, including issuing arrest warrants for high-ranking officials.
"Cyber security, of course, will be an important focus for the President given some of our concerns related to cyber security and the theft of intellectual property," said Ben Rhodes, the president's deputy national security adviser.
"And then, of course, as is always the case when we meet with China, we'll have a discussion around areas where we have differences - not just cyber security, but issues related to human rights and universal values."
Rhodes promised that the US would be forward in its dicussions related to cyber security: "When we see things on cyber security where we have Chinese actions that disadvantage U.S. businesses or steal intellectual property, we’re going to be very candid about that."
Australian government to require technology and communications companies to provide access to messages
New bill avoids demanding 'backdoors' in encryption, but includes measures to compel companies to provide access to encrypted communications
Indonesian overclocker Ivan Cupa (with the aid of a lot of liquid nitrogen) achieves record overclock on AMD's latest Threadripper
Ssupermassive black hole is so big it corresponds to four per cent of the galaxy's total mass
Imminent attack will target a single bank with cloned cards used to fraudulently withdraw millions over one weekend