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Hawley proposes bill revoking China's preferential trade status
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China’s "most favored nation" trade status with the U.S. which has been in place for over two decades, would get revoked under a bill that Senator Josh Hawley (R-Mo.) will introduce this week.
Hawley’s bill, known as the Ending Normal Trade Relations with China Act, would require the U.S. to withdraw China’s most favored nation (MFN) trade status two years after the bill’s enactment. It would allow the president to impose tariffs on all goods from the People’s Republic of China, including tariffs in excess of those described in the government’s tariff schedule.
"As we face a new age of competition with China, we need an agenda in Washington that will make our working class strong and independent," Hawley said in a press release. "We can start by revoking the sweetheart deal D.C. elites handed to China 23 years ago – end normal trade relations, put in place strong tariffs, and protect American workers."
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