Category: trade relations

Hawley to Introduce Bill to Revoke China’s ‘Sweetheart’ Trade Status

Sen. Josh Hawley (R-Mo.) will introduce legislation on March 21 to revoke China’s permanent normal trade relations status with the United States. If passed, the Ending Normal Trade Relations With China Act of 2023 (pdf) would withdraw China’s normal trade relations status within two years, subject Chinese imports to higher tariffs, and afford the president…


Yellen Pitches ‘Friendshoring’ to Protect Supply Chains From ‘Risky’ Countries Like China

Janet Yellen, secretary of the U.S. Treasury, was in India to promote “friendshoring” to protect supply chains from unreliable countries like China and Russia. The pandemic, supply chain problems, and rapidly changing geopolitical allegiances over the past two years have accelerated a redrawing of trade and economic relations around the world. She promoted her vision…