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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.

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November 19, 2024

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. 

For more information, contact a professional with KPMG Trade & Customs services:

Doug Zuvich
Partner and Global Practice Leader
E: dzuvich@kpmg.com

John L. McLoughlin
Principal and East Coast Leader
E: jlmcloughlin@kpmg.com

Andy Siciliano
Partner and National Practice Leader
E: asiciliano@kpmg.com

Steve Brotherton
Principal and Global Export and Sanctions Leader
E: sbrotherton@kpmg.com

Luis (Lou) Abad
Principal, Washington National Tax
E: labad@kpmg.com

Irina Vaysfeld
Principal
E: ivaysfeld@kpmg.com

Amie Ahanchian
Principal
E: aahanchian@kpmg.com

Christopher Young
Principal
E: christopheryoung@kpmg.com

Gisele Belotto
Principal
E: gbelotto@kpmg.com

George Zaharatos
Principal
E: gzaharatos@kpmg.com

Andy Doornaert
Managing Director
E: adoornaert@kpmg.com

Jessica Libby
Principal
E: jlibby@kpmg.com
Jenna Leigh Glass
Managing Director
E: jennaleighglass@kpmg.com

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