Suspending China Trade Relations to Deter Taiwan Aggression: Higher Import Tariffs.
This bill seeks to deter Chinese aggression against Taiwan by threatening to suspend normal trade relations. If the President determines China has violated Taiwan's sovereignty through military action or sustained economic coercion, high tariffs will be imposed on all Chinese imports. This could lead to higher prices for consumer goods and potential supply chain disruptions for US citizens.
Key points
Imposes significantly higher tariffs on all products from China if the President certifies that China has engaged in aggression or sustained economic coercion against Taiwan.
The tariff increase would likely result in higher costs for US consumers purchasing goods imported from China (electronics, clothing, etc.).
Requires the government to regularly assess US reliance on Chinese supply chains and propose strategies to mitigate economic risks associated with trade suspension.
The President can waive the tariff requirement for one year, but this action requires subsequent approval by Congress within 60 days.
Expired
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