Bipartisan Bill Seeks to End China's Special Trade Status with the U.S.

The proposed legislation introduces steep tariffs and removes import exemptions, aiming to bolster U.S. manufacturing and national security.

The Restoring Trade Fairness Act, introduced in Congress, seeks to revoke China's Permanent Normal Trade Relations (PNTR) status, which has been in place since 2000.
The bill proposes phased tariffs on Chinese goods, starting at 10% in the first year and escalating to 100% on strategic goods by the fifth year.
It also aims to end the 'de minimis' exemption for low-value imports from China, targeting concerns over illicit goods and trade deficits.
Revenue from the tariffs would support U.S. farmers, manufacturers, and military equipment purchases for the Indo-Pacific region.
The legislation has bipartisan support and builds on prior U.S. administrations' efforts to counter China's trade practices, but its path to becoming law remains uncertain.