A bipartisan group of US lawmakers introduced legislation to revoke China's Permanent Normal Trade Relations (PNTR), aiming to impose tariffs on non-strategic and strategic goods and address unfair trade practices, while enhancing national security and supporting US manufacturing.
The chairman of the House Select Committee on the Chinese Communist Party, John Moolenaar (R-MI), has introduced the Restoring Trade Fairness Act, a landmark bill aimed at revoking China's Permanent Normal Trade Relations (PNTR) status with the United States.
China gained a preferential trade partner status with the US in 2001 and since then, the US had to close 50000 production units and has lost more than four million jobs in the sector, he Singapore Post reported, adding that in 2023, the US was preparing to revoke the status to repair the
Washington [US], April 7 (ANI/Sputnik): The US Senate on Thursday unanimously passed legislation to suspend Permanent Normal Trade Relations (PNTR) status with Russia and Belarus amid the ongoing special operation in Ukraine.