Restoring Trade Fairness Act

This bill would end China's special trade status that currently allows Chinese goods to have lower tariffs when imported to the United States. Instead, Chinese imports would face much higher tariffs, with a minimum of 35% on most goods and 100% on certain items like minerals, some medicines, and defense-related products. The bill would also prevent goods from China, North Korea, Russia, and Iran from qualifying for the current rule that allows shipments under $800 to enter the U.S. without tariffs or fees. The higher tariff rates would be introduced gradually over five years and would increase each year with inflation.

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