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The U.S.–China Relations Act of 2000 is an Act of the United States Congress that granted China permanent normal trade relations (NTR) status (previously called most favoured nation (MFN)) when China becomes a full member of the World Trade Organization (WTO), ending annual review and approval of NTR.
Today's concept of the most favoured nation status starts to appear in the 18th century, when the division of conditional and unconditional most favoured nation status also began. [3] In the early days of international trade, "most favoured nation" status was usually used on a dual-party, state-to-state basis. A nation could enter into a "most ...
Ending China’s most favored nation status was a pipe dream under the previous administration, when Democrats controlled the Senate and White House. However, with Republican control of the ...
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. Republicans inch closer to ending China's favored trade status Skip ...
Project 2025 describes “unfettered trade with China” as a “catastrophe” and the 2024 Republican Party platform pledges to “revoke China’s Most Favored Nation status” (referring to ...
After the two governments settled asset claims dating from the Korean War in 1950, Congress temporarily granted China most favored nation status in 1980. Chinese-American trade was still hindered by the Jackson–Vanik amendment of 1974, which made trade with the United States contingent on certain human rights metrics. [12]
Sen. Tom Cotton discussed legislation to revoke China's “most favored nation” status on "Mornings with Maria."