CPA Supports Rep. Banks Bill to End Normal Trade Relations with China

WASHINGTON — The Coalition for a Prosperous America (CPA) today applauded legislation introduced by U.S. Representative Jim Banks (R-IN) that would revoke China’s Most Favored Nation (MFN) tariff status. This is a critical first step to reduce our import dependency on China. Too many transnational enterprises continue to lean on China for sourcing for the…

Section 301 Tariffs Reduced U.S. Dependence on China, Decoupling Has Begun

Key Points The Section 301 tariffs imposed in 2018 on Chinese imports reduced U.S. dependence on China. While U.S. imports surged by 39% between 2017 and 2022, China imports were up very slightly, and still below their 2018 peak. As a result, China fell from 21.6% of U.S. imports in 2017 to just 16.5% in…