House Committee Issues 150 Recommendations to Reduce U.S. Economic Reliance on China

Proposals include potential tariff increases, investment restrictions, and strategic planning for potential conflict.

The House Select Committee on the Chinese Communist Party has issued 150 recommendations aimed at reducing America's economic reliance on China.
The recommendations include potentially increasing tariffs on Chinese goods, restricting U.S. investments in China, and banning or limiting U.S. market access for certain Chinese companies.
The committee also suggests that the U.S. should develop strategies with allies to enact severe diplomatic and economic costs on Beijing in the event of conflict.
The report calls for China to be removed from its current 'Column 1' tariff classification, which would undermine its 'most favored nation' trading status and potentially levy higher tariffs on Chinese goods.
The committee also calls for the renewal of the China 421 safeguard mechanism, a rule that would allow Washington to impose tariffs on Beijing without the requirement of proving unfair trade practices.