US lawmakers seek to end China's special trade status, import exemption
- U.S. Lawmakers introduced a bipartisan bill to revoke China's preferential trade status and phase in high tariffs on Chinese imports, as stated by John Moolenaar.
- The proposed legislation aims to end the de minimis exemption for low-value shipments from China, which critics claim worsens the trade deficit, according to the U.S. Census Bureau.
- Moolenaar emphasized that granting China Permanent Normal Trade Relations has harmed U.S. Manufacturing and national security, stating, 'This gamble failed.'
- The bill proposes a phased tariff increase over five years, reaching a minimum of 100% for strategic goods, as outlined in the legislation.
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Leaning Left0Leaning Right4Center6Last UpdatedBias Distribution60% Center
Bias Distribution
- 60% of the sources are Center
C 60%
R 40%
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