Bipartisan Bill Downgrades China's Trade Status
Posted On
February 06, 2025
A bipartisan bill, "Restoring Trade Fairness Act," introduced in the House, would revoke China's Permanent Normal Trade Relations status. That status effectively classifies China as a free trade partner. The bill would revoke many of the low tariff rates China currently enjoys and create a minimum 35% tariff on the value of non-strategic goods and a minimum 100% tariff on the value of strategic goods. If passed, the new tariffs would be phased in over five years.
PHOTO © GIFEL.ATAT
Read more: Restoring Trade Fairness Act →