A group of Republicans led by Rep. Chip Roy (R-Texas) is set to introduce a bill aimed at bringing manufacturing back to the United States and restoring economic independence from China.
Despite rising political tensions between the world’s top two economic powers, U.S. trade with China has steadily grown, setting a new record last year.
At $690.6 billion, according to official U.S. data released on Feb. 9, the level of bilateral goods trade between the countries was a demonstration of how commercially intertwined the countries are, though unfair trade practices from Beijing have for years been an eyesore for the United States….