The People’s Republic of China (PRC or China) is the second-largest global economy and has been a top U.S. trading partner since China joined the World Trade Organization (WTO) in 2001. China is a major export market for U.S. aircraft, agriculture, semiconductor equipment/chips, gas turbines, and medical devices, and…
Restoring Trade Fairness Act
Referred to the Subcommittee on Coast Guard and Maritime Transportation.
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CRS analysis
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The 119th Congress is considering legislation that would revoke the People’s Republic of China’s (PRC or China) permanent normal trade relations (PNTR) status. Most-favored nation (MFN) status is a key World Trade Organization (WTO) principle that refers to nondiscriminatory treatment between trading partners and comm…
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