RECOMMENDED READING
Rethinking China’s Trade Status with Mark DiPlacido
New Report Provides Blueprint for Rescinding China’s Trade Status
Disfavored Nation

After more than 20 years of so-called “normal” trade relations between the United States and China, the consensus on the desirability of that trade relationship has shifted dramatically—and for good reason. After China received Permanent Normal Trade Relations (PNTR) status in 2001, the United States lost millions of manufacturing jobs and tens of thousands of factories, which in turn left a trail of broken communities and families. As a result, the U.S. share of global manufacturing production dropped from 25 percent in 1997 to 17 percent in 2019, and the United States now faces severe supply chain risks due to its reliance on Chinese goods.

Recognizing the unsustainability of this situation, a broad set of policymakers now support rescinding China’s PNTR status and permanently imposing higher tariff rates on China. Bipartisan reports from the House Select Committee on the Strategic Competition Between the United States and China and the U.S.-China Economic and Security Review Commission have recommended ending normal trade relations with China. The idea was also included in the 2024 Republican Party Platform.

American Compass has issued a new report to help guide policymakers in implementing these proposals and eliminate the United States’ strategic and economic dependence on China. New legislation introduced by Sens. Tom Cotton (R-Ark.), Marco Rubio (R-Fla.), and Josh Hawley (R-Mo.) would codify this approach, rescinding China’s PNTR status, creating a new tariff schedule specific to China, and imposing tariff rates of 100 percent on goods vital to U.S. national security.

Continue reading at Newsweek
Mark A. DiPlacido
Mark A. DiPlacido is a policy advisor at American Compass.
Recommended Reading
Rethinking China’s Trade Status with Mark DiPlacido

Policy advisor Mark DiPlacido joins Oren to discuss why and how policymakers should rethink U.S. trade with China.

New Report Provides Blueprint for Rescinding China’s Trade Status

PRESS RELEASE — New report makes the case for revoking China’s “Permanent Normal Trade Relations” status and implementing a new set of tariff rates

Disfavored Nation

A new report makes the case for revoking China’s “Permanent Normal Trade Relations” status and implementing a new set of tariff rates