The U.S. House of Representatives Select Committee on the Chinese Communist Party recently issued a report laying out approximately 150 recommendations for ways the United States could better compete with China. Among the suggestions was a proposal to repeal China’s Permanent Normal Trade Relations status.
Instead of PNTR treatment, the committee recommends creating a “new tariff column that restores U.S. economic leverage to ensure that [China] abides by its trade commitments and does not engage in coercive or other unfair trade practices and decreases U.S. reliance on [Chinese]…
