Wednesday, February 05, 2025

OPINION_ Decoupling From China Speeds Up Under Trump Administration

THE EPOCH TIMES

Decoupling From China Speeds Up Under Trump Administration

Shipping containers from China and other Asian countries are unloaded at the Port of Los Angeles in Long Beach, Calif., on Sept. 14, 2019. Mark Ralston/AFP via Getty Images

By Antonio Graceffo
2/4/2025  Updated: 2/5/2025 0:00

COMMENTARY


President Donald Trump’s return to office is accelerating U.S. decoupling from China, threatening Beijing’s fragile economy with tariffs and legislative crackdowns.

With his return to the White House, Trump is ramping up his tough-on-China trade policies, vowing to impose higher tariffs and stricter restrictions. Emboldened by his leadership, U.S. lawmakers are pushing legislation to economically cripple the Chinese Communist Party (CCP), including a bill introduced on Jan. 23 to
revoke China’s “most favored nation” trading status.

The
Restoring Trade Fairness Act, introduced by House Select Committee on the Chinese Communist Party Chairman John Moolenaar (R-Mich.) and Rep. Tom Suozzi (D-N.Y.) on Jan. 23, aims to revoke China’s permanent normal trade relations (PNTR) status.

The bipartisan bill follows Trump’s executive order directing officials to review legislative proposals on PNTR. Initially granted in 2000 under the expectation that China would adopt fair trading practices, PNTR status has instead facilitated the depletion of U.S. manufacturing, intellectual property theft, and economic coercion by the CCP.

The bill introduces a new tariff structure, including a minimum
35 percent tariff on non-strategic goods and a 100 percent tariff on strategic goods, phased in over five years. It also ends China’s de minimis treatment, limiting its ability to ship low-value goods tariff-free into the United States. Additionally, tariff revenue would support American farmers, American manufacturers, and military preparedness in the Pacific.

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READ MORE: https://www.theepochtimes.com/opinion/decoupling-from-china-speeds-up-under-trump-administration-5801133?ea_src=frontpage&ea_cnt=a&ea_med=opinion-2

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