Republicans inch closer to ending China's favored trade status

Fresh off Tuesday’s red sweep, House Republicans have begun to renew the idea of ending China’s preferential trade status.

"For too long, the Chinese Communist Party has taken advantage of America’s open hand with predatory economic practices that target the American economy, our workers, businesses, and our national security. We believe in free trade with free nations, but as the Committee recommended on a bipartisan basis, it is now time to reset our relationship with China by moving past PNTR to a trade relationship that reflects the threat we face from the CCP," a spokesperson for the House China Committee told Fox News Digital. 

In 2000, Congress voted to grant China permanent normal trade relations. The designation fundamentally changed China-U.S. trade relations: U.S. consumers gained access to low-priced Chinese imports, and between 2001 and 2021, the value of goods imported from China quadrupled to $500 billion.

Critics of PNTR say it allowed companies to outsource their manufacturing to China – and that renewed tensions with Beijing could lead to supply chain issues.