Bill > S3566

This bill, titled the "No Trade Preferences for Communist China Act," proposes to withdraw "normal trade relations treatment" with respect to the People's Republic of China, meaning that the preferential trade status that has historically been granted to China will be revoked. The bill's findings section outlines several reasons for this proposed change, including China's alleged violations of trade commitments made upon joining the World Trade Organization (WTO), significant economic losses to the U.S. due to Chinese trade practices and intellectual property theft, and China's use of subsidies that hinder fair competition. It also cites China's failure to meet a trade agreement commitment and its impact on U.S. manufacturing jobs and global market share. The bill argues that China's actions, including economic espionage and aggression, threaten U.S. national security, justifying the invocation of Article XXI of GATT 1994, which allows countries to take actions for their essential security interests. If enacted, the bill would prevent normal trade relations treatment from being applied to Chinese products, leading to the application of higher tariff rates as outlined in the Harmonized Tariff Schedule of the United States, with the President also having the authority to further increase these rates. The term "People's Republic of China" in this context is defined to include the governments of Hong Kong and Macau.

Budget and Finance

https://www.congress.gov/bill/119th-congress/senate-bill/3566/all-info