A panel commissioned by Congress urged the White House to review China’s trade practices and suspend normal trade ties if Beijing violated a 1999 agreement.
In its annual report, the U.S./China Economic and Security Review Commission recommended that Congress direct the Biden administration to assess China’s compliance with the landmark 1999 agreement that awarded China the “Permanent Normal Trade Relations” status as Beijing prepared to join the World Trade Organization. The commission recommended a deadline of 90 days to complete the review. If Beijing is found to be out of compliance, the commission said, Congress should consider legislation to immediately suspend normal trade ties, which have given China the most favorable trade terms and tariff rates. The suspension could lead to a substantial increase in tariffs on imports from China. Click here to view the full report.
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