The US International Trade Commission said on Thursday it would investigate the economic impact of revoking China’s permanent normal trade status over a six-year period, reports Reuters. The move would likely increase tariffs on Chinese imports.
The USITC, which studies trade and competitiveness matters and rules on anti-dumping and anti-subsidy trade cases, said its report would focus on US trade, production and prices in the industries that could be directly and most affected by increasing tariffs on Chinese goods to the higher non-MFN rates.
When he took office in January 2025, President Trump ordered his trade and commerce chiefs to assess legislative proposals to revoke Permanent Normal Trade Relations (PNTR) with China. PNTR was first granted in 2000, allowing China to join the World Trade Organization, a move that catapulted the country into becoming the world’s biggest manufacturer.