>>22889474

If I'm understanding this correctly, some ethnic/religous groups have been reaping the rewards of purchases with certain countries due to low manufacturing prices.

Now that tariffs are in play for these ethnic/religous businesses with these certain countries, said businesses will now see an increase in the cost of their product.

So, while many American companies have suffered for decades, these certain ethnic/religious companies have prospered. Now that the shoe is on the other foot, is there an expectation that Americans should feel sorry for said ethnic/religious groups? Give them a break? Lower the American cost of production for them?

FUCK NO

You reap what you sow

This is how business works in America.

We have had to figure out how to make "our" business work with higher costs, and now these ethnic/religous groups will have to also.

>>22889510

https://www.billtrack50.com/billdetail/1548320

China Trade Relations Act of 2023

US S125

This bill, the China Trade Relations Act of 2023, proposes several key changes: 1. It would withdraw "normal trade relations" (NTR) treatment from products of the People's Republic of China, meaning they would no longer receive preferential tariff rates. Going forward, China would only be eligible for NTR status if it meets the requirements of Title IV of the Trade Act of 1974, as it was before China's accession to the World Trade Organization. 2. The bill expands the bases on which China could be deemed ineligible for NTR, including violations of human rights, the use of forced labor, the operation of "vocational training and education centers", and engaging in economic espionage against the U.S. The President would be required to submit periodic reports to Congress certifying that China is not violating these provisions. 3. The bill provides the President with waiver authority to temporarily extend NTR status to China, but this waiver could be overridden by a joint resolution of disapproval from Congress. The waiver authority would be subject to periodic extension or termination. Overall, the bill aims to increase oversight and accountability around China's trade status with the U.S. based on human rights and national security considerations.

Committee Categories

Budget and Finance

Sponsors (4)

Tom Cotton (R)*, Ted Budd (R), Rick Scott (R), J.D. Vance (R),

Last Action

Read twice and referred to the Committee on Finance. (on 01/26/2023)

Official Document

https://www.congress.gov/bill/118th-congress/senate-bill/125/all-info

>>22889548

…that we know of.