Proposed legislation would revoke China’s permanent normal trade relations (PNTR) status
If the legislation is not enacted before the end of the current Congress, the bill will expire.
Chairman John Moolenaar (R-MI) of the House Select Committee on the Chinese Communist Party on November 14, 2024, introduced the “Restoring Trade Fairness Act,” which aims to revoke China's permanent normal trade relations (PNTR) status.
According to a press release, the bill proposes to:
- End PNTR for China
- Codify tariffs in statute and create a new tariff column for China
- Create a minimum 35% ad valorem (in proportion to the estimated value of the goods or transaction) tariff for non-strategic goods and a minimum 100% ad valorem tariff for all strategic goods
- Phase-in new tariff column rates
- End de minimis treatment for covered nations (including China) and require customs brokers for other de minimis shipments
If the legislation is not enacted before the end of the current Congress at the end of 2024, the bill will expire. It could, however, be reintroduced next year when the new Congress convenes.