HR. 694In Committee
Restoring Trade Fairness Act
Revokes China's normal trade status and raises tariffs on Chinese imports while tightening low value import rules for goods from China North Korea Russia and Iran
Plain-English overview
What this bill does
Revokes China's normal trade status and raises tariffs on Chinese imports while tightening low value import rules for goods from China North Korea Russia and Iran
Key points
- Establish producer compensation fund
- Prohibit de minimis treatment
- Revoke China's trade status
- Increase tariffs on Chinese goods
Current status
Where it stands
Status
In Committee
Latest action
2025-01-23 — Referred to the Subcommittee on Coast Guard and Maritime Transportation.
Related context
Topics and policy areas
undefinedAdministrative law and regulatory proceduresAgricultural tradeAsiaBudget deficits and national debtChinaCongressional oversightCustoms enforcement