Ron DeSantis Supports Removing China Most Favored Nation, Changing De Minimis Rules
In a speech to the Heritage Foundation, Presidential Candidate Ron DeSantis talks China policy for first time.
In a speech to the Heritage Foundation, Presidential Candidate Ron DeSantis talks China policy for first time.
Key Points We find that further decoupling from China would grow the U.S. economy and result in higher incomes and more jobs for Americans and the rebuilding of many critical manufacturing sectors. The removal of MFN (most favored nation) status for China would increase the tariff rate on imports from China from the current Column…
Removing trade barriers and reducing U.S. tariffs allowed China’s state-owned enterprises to flood the U.S. with deliberately underpriced goods.
Two bills circulating in the Senate want to repeal China’s Most Favored Nation trading status. CPA trade lawyer Charles Benoit explains what it means.