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Ending Normal Trade Relations with China: Higher Tariffs on Products.

This bill aims to end special, favorable trade conditions for products from China. This means that two years after the law takes effect, goods imported from China will face higher tariffs, potentially impacting the prices of products available in stores.
Key points
Two years after enactment, products from China will no longer receive preferential trade treatment in the U.S.
All products from China will be subject to higher tariff rates, which may increase their prices for consumers.
The U.S. President will gain the authority to further increase tariff rates on Chinese goods.
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Status:
Expired
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Additional Information
Print number: 118_HR_4673
Sponsor: Rep. Banks, Jim [R-IN-3]
Process start date: 2023-07-17