Raising Tariffs on Imports from China Act of 2023

This bill requires the President to annually calculate U.S. trade with China by comparing total imports from China to total exports to China. If imports exceed exports (creating a trade deficit), the President must impose a 25% additional tariff on all goods imported from China. This tariff applies on top of any existing duties and remains in effect until the trade deficit is eliminated (imports equal or fall below exports). The policy directly affects U.S. importers of Chinese goods by increasing their costs until the trade balance improves.