Neither Permanent Nor Normal Trade Relations Act

This bill would end the special trade status that allows Chinese goods to enter the United States at lower tariff rates. It would require U.S. customs to apply higher tariff rates (minimum 35% for most goods, 100% for certain specified items) to Chinese imports, with these rates phased in over five years. The legislation also creates a trust fund to compensate U.S. producers who lose sales due to retaliatory measures by China. The bill is based on findings that China has not complied with trade agreements and has engaged in practices harming U.S. businesses and workers. The legislation aims to address what Congress views as an ongoing trade imbalance and economic harm caused by China's trade practices.