💨 Abstract

The House Select Committee on the Chinese Communist Party's chairman, John Moolenaar, has introduced the Restoring Trade Fairness Act to revoke China's Permanent Normal Trade Relations (PNTR) status with the US, addressing concerns over China's unfair trade practices. The bill aims to increase tariffs, eliminate de minimis treatment, and reduce US reliance on China, protecting American industries and strengthening national security.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖