Fresh off Tuesday’s red sweep, House Republicans have begun to renew the idea of ending China’s preferential trade status.
They have begun to promote the idea of ending China’s Permanent Normal Trade Relations . With Republicans seizing control of the White House and Senate, and being on track for a likely win in the House, the idea that was once considered a longshot now now become a likelihood. 'For too long, the Chinese Communist Party has taken advantage of America’s open hand with predatory economic practices that target the American economy, our workers, businesses, and our national security.
Repealing PNTR would automatically reset the tariffs on Chinese goods to higher levels. Trump could enact much of his trade agenda on goods he deems to be an 'unusual and extraordinary threat' to national security or the U.S. economy. The GOP's platform unveiled in July called for an ending of PNTR. In September, Fox News Digital first reported that a group of Republican senators put forth a bill to end China's PNTR and increase tariffs on many of its goods up to 100%.
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