China Tariffs: US lawmakers seek to end China's special trade status, import exemption
Posted: Jan 23, 2025
- US lawmakers want to revoke China's preferential trade status
- Bill introduced would end China's Permanent Normal Trade Relations
- De minimis exemption for low-value Chinese imports would be phased out
- Part of efforts to increase US companies' competitiveness with China
- Legislation would introduce tariffs on non-strategic and strategic goods, phased in over 5 years
- $800 de minimis duty-free exemption targeted for change
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