US lawmaker introduces trade reform to tackle China's economic influence

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US lawmaker introduces trade reform to tackle China's economic influence - Business Standard

Quick Summary:

The bill reflects growing concerns among US lawmakers about China's impact on American jobs, industries, and national security.

The Restoring Trade Fairness Act aims to revoke China's PNTR status, ending preferential trade access that China has enjoyed for over 20 years.

If passed, the Restoring Trade Fairness Act would represent a major shift in US foreign trade policy, signaling the United States' intention to confront the long-term consequences of China's economic rise.