China Trade Relations Act of 2023

China Trade Relations Act of 2023

This bill withdraws normal trade relations treatment from China and expands the bases of ineligibility for this treatment to include specified violations of human rights and other actions by China.

Specifically, during any period in which China engages in specified activities (e.g., performing forced abortion or sterilization or operating concentration camps where people are held against their will) or does not comply with certain standards (1) products from China shall not be eligible to receive nondiscriminatory treatment (normal trade relations), (2) China may not participate in any U.S. program that extends credits or credit guarantees or investment guarantees, and (3) the President may not conclude any commercial agreement with China.

Bill 118 hr 638, also known as the China Trade Relations Act of 2023, is a piece of legislation introduced in the US Congress aimed at addressing trade relations with China. The bill focuses on promoting fair and reciprocal trade practices between the United States and China.

One of the key provisions of the bill is the establishment of a framework for addressing trade disputes between the two countries. This framework includes mechanisms for resolving disputes through negotiation and arbitration, as well as provisions for imposing tariffs or other trade restrictions in cases where China is found to be engaging in unfair trade practices.

Additionally, the bill includes measures to promote transparency and accountability in trade relations with China. This includes requirements for the US government to regularly report on the status of trade negotiations with China, as well as provisions for monitoring and enforcing compliance with trade agreements. Overall, the China Trade Relations Act of 2023 aims to strengthen the US-China trade relationship while also ensuring that American businesses and workers are protected from unfair trade practices. The bill is currently being debated in Congress, with supporters arguing that it is necessary to address the challenges posed by China's growing economic influence, while critics raise concerns about the potential impact on global trade and diplomatic relations.