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