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The status of permanent normal trade relations (PNTR) is a legal designation in the United States for free trade with a foreign state. The designation was changed from most favored nation (MFN) to normal trade relations by Section 5003 of the Internal Revenue Service Restructuring and Reform Act of 1998.
"Removing Permanent Normal Trade Relations with China is a very radical and extreme step that would remove any guardrails against a trade war," Shirk said. "It will be pretty chaotic." (Reporting ...
Legislation to revoke China’s Permanent Normal Trade Relations was introduced Thursday by a bipartisan pair of House lawmakers, building on a Republican effort last year to repeal Beijing’s ...
Rep. John Moolenaar (R-Mich), chair of the House Select Committee on the Chinese Communist Party, proposed revoking China’s Permanent Normal Trade Relations (PNTR), a policy in place for more ...
The requirement of an annual waiver was inconsistent with the rules of the World Trade Organization, and for the PRC to join the WTO, Congressional action was needed to grant permanent normal trade relations (PNTR) to China. [12] This was accomplished in 2000 with the United States–China Relations Act of 2000, allowing China to join WTO in 2001.
The status of permanent normal trade relations (PNTR) is a legal designation in the United States for free trade with a foreign state. The designation was changed from most favored nation (MFN) to normal trade relations by Section 5003 of the Internal Revenue Service Restructuring and Reform Act of 1998.
Fresh off Tuesday’s red sweep, House Republicans have begun to renew the idea of ending China’s preferential trade status.
Economist Samuel Hammond, the director of poverty and welfare policy for the Niskanen Center, has argued that the signing into law of Permanent Normal Trade Relations (PNTR) with China on October 10, 2000, and the subsequent accession of China to the WTO has had wide reaching social implications.