GOP leaders rally to revoke China's 'most favored nation' status after 20-year run
Fox News
The movement to eliminate the free trade perks China enjoys in the U.S. is gaining steam under Republican control of government.
Sen. Tom Cotton, R-Ark., reintroduced the Restoring Trade Fairness Act in the Senate, with Sen. Jim Banks, R-Ind., as a cosponsor. The bill has bipartisan support in the House – Rep. John Moolenaar, R-Moch., China Competition Committee chair, introduced it along with Rep. Tom Suozzi, D-N.Y.
The measure would create a minimum 35% tariff on non-strategic goods and a 100% tariff on strategic goods, phased in over five years.
More Related News