Bill to End MFN Tariffs for China Introduced in Senate
Four Republican senators introduced a bill to strip China of Permanent Normal Trade Relations status, requiring the president annually to consider China's eligibility under the Jackson-Vanik Amendment. The bill would expand that amendment, adding human rights and trade abuses as factors making a country ineligible for most favored nation tariffs. The bill was introduced by Sens. Tom Cotton, R-Ark.; Rick Scott, R-Fla.; J.D. Vance, R-Ohio; and Ted Budd, R-N.C.
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"For twenty years, Communist China has held permanent most-favored-nation status, which has supercharged the loss of American manufacturing jobs. China never deserved this privilege in the first place, and China certainly does not deserve it today," Cotton said in the Jan. 26 news release announcing the bill. "It’s time to protect American jobs and hold the Chinese Communist Party accountable for their forced labor camps and egregious human rights violations."
Ohio has "lost over 130,000 jobs since Congress made the catastrophic mistake of granting China special trade privileges two decades ago," Vance said in the release. "I have seen the devastating effects of this job loss first hand, and I know it’s past time we did something to reverse that trend. This legislation is a strong step toward defending American jobs and revitalizing our domestic manufacturing capacity."