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U.S. Lawmakers Introduce Bipartisan Bill to Revoke China’s Trade Preferences and Implement Steep Tariffs

U.S. Lawmakers Introduce Bipartisan Bill to Revoke China’s Trade Preferences and Implement Steep Tariffs

On Thursday, U.S. lawmakers introduced a bipartisan bill aimed at revoking China’s preferential trade status with the United States. The bill proposes to phase in significant tariffs and eliminate the “de minimis” exemption for low-value Chinese imports, marking a significant shift in U.S.-China trade relations.

On Thursday, U.S. lawmakers introduced a bipartisan bill aimed at revoking China’s preferential trade status with the United States. The bill proposes to phase in significant tariffs and eliminate the “de minimis” exemption for low-value Chinese imports, marking a significant shift in U.S.-China trade relations.

Ibtehaj Saleem
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