ANI
02 Feb 2023, 06:48 GMT+10
Washington [United States], February 2 (ANI): China gained a preferential trade partner status with the US in 2001 and since then, the US had to close 50000 production units and has lost more than four million jobs in the sector, he Singapore Post reported, adding that in 2023, the US was preparing to revoke the status to repair the damage done.
US Republican Senators Tom Cotton, Ted Budd, Rick Scott, and JD Vance introduced the China Trade Relations Act on January 26 this year to end China's Permanent Normal Trade Relations (PNTR) status, the report said.
"Communist China has enjoyed permanent MNF status for two decades, exacerbating the loss of American manufacturing jobs. China never deserved this privilege in the first place, and China certainly doesn't deserve it today. Time to protect American jobs and hold the Chinese Communist Party accountable for its forced labour camps and gross human rights violations," Cotton was quoted as saying in The Singapore Post report.
In 2000, under US President Bill Clinton, China obtained the 'Permanent Normal Trade Relations' status of the US. In 2001, with the support of the Bush administration, China joined the World Trade Organization (WTO).
The report quoted Florida Senator Scott as saying, "The Chinese Communist Party (CCP) cares about one thing -- destroying the United States. There is no reason for the United States to use preferential treatment and 'most-favoured-nation treatment' to help the trade operations of the Communist Party government. Now is the time to put the interests of the United States (instead of the CCP) in the first place and overturn this outdated law."Republican Senator Vance said that Ohio had lost more than 1,30,000 jobs since the approval of MNF status by US congress which he called a 'catastrophic mistake'.
Senator Budd of North Carolina said, "The Chinese Communist Party is not a friend of the United States, nor is it a force for good in the world. From human rights violations to the theft of American jobs and intellectual property, the Chinese Communist Party must be held accountable. One of the most effective ways to counter the Chinese Communist Party is to promulgate the Cotton Senate Congressman's Bill to terminate China's permanent normal trade relations status." (ANI)Get a daily dose of Cleveland Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Cleveland Star.
More InformationKABUL, Afghanistan: Afghanistan, long associated with war and instability, is quietly trying to rebrand itself as a destination for...
SANTA CLARA, California: Executives at Nvidia have quietly been cashing in on the AI frenzy. According to a report by the Financial...
NEW YORK, New York - Global stock indices closed with divergent performances on Tuesday, as investors weighed corporate earnings, central...
TORONTO, Canada: Canadian Prime Minister Mark Carney announced late on June 29 that trade negotiations with the U.S. have recommenced...
Vancouver, Canada: A high-stakes legal showdown is brewing in the world of athleisure. Lululemon, the Canadian brand known for its...
LONDON, U.K.: British oil giant Shell has denied reports that it is in talks to acquire rival oil company BP. The Wall Street Journal...
ABU DHABI, 19th June, 2025 (WAM) -- Cleveland Clinic Abu Dhabi has become the first and only research hospital in the UAE to receive...
ABU DHABI, 17th June, 2025 (WAM) -- Cleveland Clinic Abu Dhabi, part of the M42 group, has successfully introduced continuous infusion...
ABU DHABI, 9th June, 2025 (WAM) -- Cleveland Clinic Abu Dhabi has successfully performed the UAE's first robotic cytoreductive surgery...
ABU DHABI,16th May, 2025 (WAM) - Oracle Health, Cleveland Clinic, and G42 today announced a strategic partnership to develop a groundbreaking...
ABU DHABI, 6th May, 2025 (WAM) -- PureHealth and its subsidiary SEHA have partnered with the number one US children's hospital, Cincinnati...
Argentinian composer Lalo Schifrin, the genre-blending film and television composer behind the Mission: Impossible, Bullitt, and Cool...