• Home
  • Politics
  • Health
  • World
  • Business
  • Finance
  • Tech
  • More
    • Sports
    • Entertainment
    • Lifestyle
What's Hot

Short and Funny Sayings for a Happy Summer with Friends

May 9, 2025

Trump Announces First Post-Tariff Trade Deal

May 8, 2025

100 Funny Father’s Day Quotes for Hilariously Relatable Humor (and Plenty of Love Too)

May 8, 2025
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Friday, May 9
Patriot Now NewsPatriot Now News
  • Home
  • Politics

    Security video shows brazen sexual assault of California woman by homeless man

    October 24, 2023

    Woman makes disturbing discovery after her boyfriend chases away home intruder who stabbed him

    October 24, 2023

    Poll finds Americans overwhelmingly support Israel’s war on Hamas, but younger Americans defend Hamas

    October 24, 2023

    Off-duty pilot charged with 83 counts of attempted murder after allegedly trying to shut off engines midflight on Alaska Airlines

    October 23, 2023

    Leaked audio of Shelia Jackson Lee abusively cursing staffer

    October 22, 2023
  • Health

    Disparities In Cataract Care Are A Sorry Sight

    October 16, 2023

    Vaccine Stocks—Including Pfizer, Moderna, BioNTech And Novavax—Slide Amid Plummeting Demand

    October 16, 2023

    Long-term steroid use should be a last resort

    October 16, 2023

    Rite Aid Files For Bankruptcy With More ‘Underperforming Stores’ To Close

    October 16, 2023

    Who’s Still Dying From Complications Related To Covid-19?

    October 16, 2023
  • World

    New York Democrat Dan Goldman Accuses ‘Conservatives in the South’ of Holding Rallies with ‘Swastikas’

    October 13, 2023

    IDF Ret. Major General Describes Rushing to Save Son, Granddaughter During Hamas Invasion

    October 13, 2023

    Black Lives Matter Group Deletes Tweet Showing Support for Hamas 

    October 13, 2023

    AOC Denounces NYC Rally Cheering Hamas Terrorism: ‘Unacceptable’

    October 13, 2023

    L.A. Prosecutors Call Out Soros-Backed Gascón for Silence on Israel

    October 13, 2023
  • Business

    Trump Announces First Post-Tariff Trade Deal

    May 8, 2025

    Electric Vehicle Sales Nosedive As GOP Takes Buzzsaw To Biden’s Mandate

    May 7, 2025

    Tyson Foods Announces It Will Bend The Knee To Trump Admin’s New Rules

    May 7, 2025

    Federal Reserve Holds Interest Rates Steady Despite Pressure From Trump

    May 7, 2025

    ‘Wait Them Out’: John Kennedy Tells Larry Kudlow One Lie He Suspects China’s Telling US

    May 7, 2025
  • Finance

    Ending China’s De Minimis Exception Brings 3 Benefits for Americans

    April 17, 2025

    The Trump Tariff Shock Should Push Indonesia to Reform Its Economy

    April 17, 2025

    Tariff Talks an Opportunity to Reinvigorate the Japan-US Alliance

    April 17, 2025

    How China’s Companies Are Responding to the US Trade War

    April 16, 2025

    The US Flip-flop Over H20 Chip Restrictions 

    April 16, 2025
  • Tech

    Cruz Confronts Zuckerberg on Pointless Warning for Child Porn Searches

    February 2, 2024

    FTX Abandons Plans to Relaunch Crypto Exchange, Commits to Full Repayment of Customers and Creditors

    February 2, 2024

    Elon Musk Proposes Tesla Reincorporates in Texas After Delaware Judge Voids Pay Package

    February 2, 2024

    Tesla’s Elon Musk Tops Disney’s Bob Iger as Most Overrated Chief Executive

    February 2, 2024

    Mark Zuckerberg’s Wealth Grew $84 Billion in 2023 as Pedophiles Target Children on Facebook, Instagram

    February 2, 2024
  • More
    • Sports
    • Entertainment
    • Lifestyle
Patriot Now NewsPatriot Now News
Home»Business»House CCP Committee Proposes Dramatic Shift In US Trade Relationship With China
Business

House CCP Committee Proposes Dramatic Shift In US Trade Relationship With China

December 12, 2023No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
This aerial photo shows shipping containers at Nanjing port in China
Share
Facebook Twitter LinkedIn Pinterest Email

The House Select Committee on the Chinese Communist Party released a report Tuesday proposing the U.S. revoke China’s permanent normal trade status.

The new report supports three overarching policy objectives: resetting the terms of U.S.-China economic engagement, stemming the flow of U.S. capital and technology to China’s military and building U.S. economic might with allies. Toward that end, the report outlines approximately 150 policy recommendations including new tariffs, disclosure requirements for American companies with ties to China, and strengthening U.S. research security. (RELATED: Unearthed Speeches Reveal Xi Jinping’s Military Plans For Face-Off Against The West: REPORT)

“Since its accession to the World Trade Organization in 2001, the CCP has pursued a multi-decade campaign of economic aggression against the United States and its allies in the name of strategically decoupling the People’s Republic of China (PRC) from the global economy, making the PRC less dependent on the United States in critical sectors, while making the United States more dependent on the PRC,” the report states. “In response, the United States must now chart a new path that puts its national security, economic security, and values at the core of the U.S.-PRC relationship.”

The report’s most significant policy recommendation calls for the U.S. to revoke China’s permanent normal trade relations (PNTR) status.

“Countries granted PNTR status, once called ‘most favored nation’ status, receive preferential trade treatment such as lower tariffs and fewer barriers such as import quotes,” according to the Heritage Foundation.

In December 2001, China became a World Trade Organization (WTO) member and shortly thereafter the U.S. granted it PNTR status.

See also  EXCLUSIVE POLL: More Small Business Owners Worry The Economy Could Force Them To Close

“WTO Members understood that China intended to dismantle existing state-led, mercantilist policies and practices, and they expected China to continue on its then-existing path of economic reform and successfully complete a transformation to a market-oriented economy and trade regime,” Tuesday’s report states, citing a 2020 United States Trade Representative report on China’s WTO compliance.

“More than 20 years later, the PRC has failed to live up to these commitments and to the foundational principles of the WTO — open, market-oriented, non-discriminatory treatment.”

Consequently, the report recommends the U.S. “move the PRC to a new tariff column that restores U.S. economic leverage to ensure the PRC abides by its trade commitments.”

Chairman of the House Select Committee on China Rep. Mike Gallagher (R-WI). (Photo by Drew Angerer/Getty Images)

The new report also calls for increased transparency for U.S. investments into China, and would require annual disclosure requirements for publicly traded U.S. companies regarding their “material ties to the CCP, supply chain, profit from the PRC and the company’s preparation for and ability to withstand the sudden loss of market access that could result from a conflict in the region.”

Likewise, in order to combat the PRC’s rampant theft of U.S. intellectual property, which is fueling the modernization of China’s military, the report proposes “requiring all federal research funding applicants to disclose details about past, present and pending relations and interest with foreign governments, foreign government controlled entities, or entities located in foreign adversary countries, in the past five years for themselves and any key member of their team who will be involved in fundamental research supported by the grant.”

See also  EXCLUSIVE: Investment Giants Leveraged Red State Universities’ Endowment Funds To Back Anti-Oil Agenda, Report Finds

All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact licensing@dailycallernewsfoundation.org.

CCP China committee Dramatic House Proposes Relationship shift trade
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Trump Announces First Post-Tariff Trade Deal

May 8, 2025

Electric Vehicle Sales Nosedive As GOP Takes Buzzsaw To Biden’s Mandate

May 7, 2025

Tyson Foods Announces It Will Bend The Knee To Trump Admin’s New Rules

May 7, 2025

Federal Reserve Holds Interest Rates Steady Despite Pressure From Trump

May 7, 2025
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Robert De Niro, 79, Plotting Proposal To Girlfriend Tiffany Chen, 45, Weeks After Welcoming New Child

May 28, 2023

London’s Metropolitan Police Officer Database Hacked

August 27, 2023

How the ‘Friends’ Song Helped Save TV Main-Title Tunes From Extinction

March 28, 2023

WATCH: Kurt Schlichter Explains Whether Congressional Republicans Can Save Trump from Manhattan DA Alvin Bragg

April 19, 2023
Don't Miss

Short and Funny Sayings for a Happy Summer with Friends

Lifestyle May 9, 2025

I love the beach. Just looking at the calming sea to relax. Having fun in…

Trump Announces First Post-Tariff Trade Deal

May 8, 2025

100 Funny Father’s Day Quotes for Hilariously Relatable Humor (and Plenty of Love Too)

May 8, 2025

Top 10 Benefits Of Acupuncture

May 8, 2025
About
About

This is your World, Tech, Health, Entertainment and Sports website. We provide the latest breaking news straight from the News industry.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest
Categories
  • Business (4,110)
  • Entertainment (4,220)
  • Finance (3,202)
  • Health (1,938)
  • Lifestyle (1,627)
  • Politics (3,084)
  • Sports (4,036)
  • Tech (2,006)
  • Uncategorized (4)
  • World (3,944)
Our Picks

Trump responds to criminal indictment in Manhattan with a blistering statement: ‘This Witch-Hunt will backfire massively’

April 2, 2023

Britain Pitches Itself as an Artificial Intelligence Hub to the United Nations

September 23, 2023

Pain burden is higher in Black NFL players than white ones

June 15, 2023
Popular Posts

Short and Funny Sayings for a Happy Summer with Friends

May 9, 2025

Trump Announces First Post-Tariff Trade Deal

May 8, 2025

100 Funny Father’s Day Quotes for Hilariously Relatable Humor (and Plenty of Love Too)

May 8, 2025
© 2025 Patriotnownews.com - All rights reserved.
  • Contact
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.