Congressional panel urges toughing the US-China trade relationship
A congressional panel has recommended that the U.S. toughen its trade relationship with Beijing
WASHNGTON — A congressional panel has recommended that the U.S. toughen its trade relationship with Beijing, pushing to roll back a nearly 25-year-old decision that helped bring about China's rapid economic growth but that many in Washington now see as hurting U.S. interests.
In its annual report to Congress released Tuesday, the U.S.-China Economic and Security Review Commission called for the first time for ending permanent normal trade relations with Beijing. It echoes moves by prominent Republican lawmakers — including Sen. Marco Rubio, President-elect Donald Trump's pick for secretary of state — as the trade war with China is expected to intensify under the incoming administration.
The change would mean the U.S. reintroducing annual reviews of China's trade practices and gaining more leverage to address “unfair trade behaviors,” the commission said in the report.
“This move would signal a shift toward a more assertive trade policy aimed at protecting U.S. industries and workers from economic coercion,” the report said.
It is among nine pages of recommendations put forward by the commission, created in 2000 to monitor the national security implications of the new trade relationship between Washington and Beijing.
The congressional decision in the last year of the Clinton administration facilitated China's entry into the World Trade Organization in 2001, with the hope that integration into the U.S.-led global economy and economic prosperity could lead to political liberalization in China.
That has not happened, and the trade relationship took a turn in 2018, when Trump launched a trade war with China to tackle trade
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