U.S. Commission Calls to Repeal China's Trade Status

A bipartisan advisory commission in the U.S. is urging Congress to revoke China's Permanent Normal Trade Relations (PNTR) status, a significant shift aimed at addressing concerns over China's trade practices, including intellectual property theft and market manipulation. This recommendation marks the first explicit call from the U.S.-China Economic and Security Review Commission to end the preferential trade status that has been in place since 2000, which allowed China to enjoy trade terms similar to U.S. allies. The commission argues that repealing this status would enhance U.S. leverage against China's unfair trade behaviors and could lead to annual reviews of its practices. Lawmakers, particularly Republicans, are increasingly advocating for this move, suggesting it could result in higher tariffs on Chinese goods. The commission's report highlights broader concerns about the safety of imports from China and the need for legislative action to protect American consumers. Additionally, the commission emphasizes the urgency for the U.S. to advance its artificial intelligence capabilities in response to global competition.