S. 206In Committee
Restoring Trade Fairness Act
Revokes China’s normal trade status and raises tariffs on Chinese imports while tightening de minimis 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 de minimis rules for goods from China, North Korea, Russia, and Iran
Key points
- Establish producer compensation fund
- Prohibit de minimis treatment
- Revoke China PNTR status
- Increase tariffs on Chinese goods
Current status
Where it stands
Status
In Committee
Latest action
2025-01-23 — Read twice and referred to the Committee on Finance.
Related context
Topics and policy areas
undefinedAdministrative law and regulatory proceduresAgricultural tradeAsiaBudget deficits and national debtChinaCongressional oversightCustoms enforcement