Bill 119 HR 694, also known as the "China Trade Relations Act," aims to suspend normal trade relations with the People's Republic of China and increase the rates of duty on articles imported from China. The bill seeks to address concerns about unfair trade practices and human rights violations in China.
If passed, the bill would allow the United States to impose higher tariffs on goods imported from China, making it more expensive for American companies to import products from Chinese manufacturers. This could potentially lead to a decrease in trade between the two countries and impact the global economy.
Proponents of the bill argue that China has engaged in unfair trade practices, such as intellectual property theft and currency manipulation, which have harmed American businesses. They also point to China's poor human rights record, including its treatment of ethnic minorities and political dissidents, as reasons to suspend normal trade relations.
Opponents of the bill, however, warn that increasing tariffs on Chinese goods could lead to a trade war between the two countries, resulting in higher prices for American consumers and potentially harming the US economy. They also argue that cutting off trade with China could have negative diplomatic consequences and strain relations between the two countries.
Overall, the China Trade Relations Act is a controversial piece of legislation that highlights the complex relationship between the United States and China. It remains to be seen how Congress will ultimately decide on this bill and what impact it will have on trade relations between the two countries.