Restoring Trade Fairness Act

The Restoring Trade Fairness Act would suspend normal trade relations (NTR) status with China, requiring the U.S. to apply significantly higher tariffs to Chinese goods. It establishes minimum duty rates of 35% for most Chinese products (with a 100% minimum for specific items listed in Section 10), with these increases phased in over five years. The bill also creates a trust fund to compensate U.S. producers for losses resulting from Chinese retaliation against U.S. trade measures. These changes aim to address what Congress views as China's failure to comply with its WTO obligations and its "unfair trade practices" that have allegedly harmed U.S. manufacturing.