House pair introduces bill to end China's preferred trade status
Legislation to revoke China’s Permanent Normal Trade Relations was introduced Thursday by a pair of bipartisan House lawmakers, building on a Republican effort last year to repeal Beijing’s preferential trade status.
The bill would solidify efforts by the U.S. across successive presidential administrations to impose more costs on China over what is criticized as Beijing’s unfair trade practices.
President Trump has come into office promising increased tariffs on China, building on measures imposed in his first term, which were maintained and expanded during the Biden administration.
“For too long, permanent normal trade relations with China have undermined our manufacturing base, shifted American jobs abroad, and allowed the CCP [Chinese Communist Party] to exploit our markets while betraying the promise of fair competition,” said Rep. John Moolenaar (R-Mich.), chairman of the House Select Committee on countering the CCP.
“In response, this legislation will safeguard U.S. national security, enhance supply chain resilience, and bring manufacturing jobs back to America and our allies."
Moolenaar introduced the legislation in the House alongside Rep. Tom Suozzi (D-N.Y.). A companion bill was introduced in the Senate by Sen. Tom Cotton (R-Ark.) and Jim Banks (R-Ind.). Secretary of State Marco Rubio, the former Florida senator, was an original co-sponsor of the bill when it was introduced in November.
The bill, called The Restoring Trade Fairness Act, would end China’s PNTR status and create a new tariff column for China: imposing a minimum 35 percent ad valorem tariff on non-strategic goods — the amount in proportion to the estimated value of the goods or transaction. A minimum 100 percent ad valorem tariff would be imposed on all strategic goods.
The text of the bill offers a list of the goods that would be subject to the increased tariff’s and that are based on the Biden administration’s Advanced Technology Product List and China’s Made in China 2025 plan.
Tariff revenues would go to U.S. farmers and manufacturers injured by possible Chinese retaliation, and additional revenue would be used to purchase military equipment for the U.S. in the Indo Pacific, according to the bill.
The new tariff column would be phased in over five years with 10 percent of the tariff increase coming in year one; 25 percent in year two; 50 percent in year four and 100 percent of the increase implemented in year five.
The bill comes as Trump has threatened China with a 60 percent blanket tariff, and an additional 10 percent tariff related to his criticisms that Beijing has not done enough to crack down on trafficking related to the drug fentanyl.
Trump is also threatening sweeping tariffs on Russia and countries supporting its war in Ukraine, which could include China.
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