Why There Are Calls to Revoke China’s Trade Status: QuickTake

Candidates gunning to be the Republican Party nominee to run for US president in 2024 are pledging to step up America’s economic confrontation with China. Some of them have a common refrain: ending what’s known as Permanent Normal Trade Relations, or PNTR, with China. The idea is to reverse the decline of manufacturing in the US as it shifted to China following its 2001 entry into the World Trade Organization. There’s a long history of US politicians threatening to revoke China’s preferred trading status but, so far, no president has pulled the trigger.

1) What are Permanent Normal Trade ...