Suspending China Trade Relations if Aggression Against Taiwan Occurs.
This bill aims to deter China from military aggression or economic coercion against Taiwan. If the President cannot annually certify that no such aggression occurred, the U.S. will suspend normal trade relations with China, resulting in significantly higher tariffs on all Chinese products. For citizens, this could mean increased prices for goods imported from China, but it is intended to protect national security interests and stability in the Indo-Pacific region.
Key points
Automatic suspension of normal trade relations with China (higher tariffs) will occur if the President fails to certify that China has not engaged in military aggression or coercion against Taiwan.
Imposition of higher duty rates (Column 2 of the Harmonized Tariff Schedule) on all products from China, potentially increasing import costs and consumer prices.
Requirement for an annual assessment of supply chain security, identifying critical goods for which the U.S. relies on China, and proposals for diversifying sourcing.
The President can waive the trade suspension for one year, but this requires approval by Congress through an expedited legislative process.
Expired
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