Senator Josh Hawley (R-MO) has revealed his “worker’s agenda,” which also includes legislation that will eliminate China’s debilitating free trade status with the United States that has existed for many years.
The “Ending Normal Trade Relations with China Act,” which Hawley presented last week, would effectively force hefty tariffs on Chinese goods into the United States through revocation of the free trade status which the communist nation has benefited from for more than two decades.
Hawley stated in a statement that “as we enter a new era of competitiveness with China, we need to have an agenda in Washington that would make the working class stronger as well as independent.”
“We can begin by rescinding the sweetheart agreement that Washington elites gave to China 23 years ago – ending normal trade relations, enacting tough tariffs, and safeguarding American workers.”
With the support of the administration of the late President Bush, China joined the World Trade Organization in 2001, and the United States later granted it “permanent normal trade relations status” following congressional approval.
Chinese ownership of corporate America is an “invasion of our sovereignty,” according to Democrat Rep. Sherman.
From 2001 to 2018, nearly four million U.S. jobs have been lost as a result of the approval of free trade between the United States and China, including almost three million domestic production jobs that were easily exported abroad by multinational corporations without facing repercussions from the government.
At least 50,000 US manufacturing facilities shut down during that time period.
Coalition for a Prosperous America CEO Michael Stumo said in a statement that “it is time for Congress to correct the historical error of granting China the most-favored country status”
“Supporters of giving China most-favored nation status incorrectly projected that China would open up, become more democratic, and lean more toward the free market. Instead, the Communist Chinese Party employed dictatorial state planning tactics, forced labor, theft of intellectual property, and illicit trade activity to destabilize the US economy, soak up Hong Kong, threaten Taiwan, and then become America’s most serious geopolitical danger. We are looking forward to working with Republicans and Democrats alike to pass legislation that will revoke China’s Most Favored Country status, acknowledges the fallacy of lowering the majority of tariffs for non-market economies under the pretext of “rules-based trade,” and imposes higher tariffs on Chinese products that are produced using forced labor and are supported by the CCP.”
“To eliminate China’s free trade status, Stumo has also approved legislation from Senators Ted Budd (R-NC), Tom Cotton (R-AR), J.D. Vance (R-OH), and Rick Scott (R-FL). The decision to approve such a status for China would instead be made by presidential administrations.”
Scott Paul of the Alliance for American Manufacturing called on the federal government earlier this month to revoke China’s free trade status in order to further stop the eroding of the country’s working and middle classes.
Studies suggest that tariffs would be beneficial for bringing employment back home and increasing wages, in contrast to the way that the United States’ soaring trade imbalances have devastated working and middle class communities over the past 20 years.
According to a recent research by CPA economists, imposing taxes on almost all international imports would increase local output and create almost 10 million new jobs in the United States.