A new effort to return China to its pre-2001 trade status is underway with the China Trade Relations Act, introduced by Senator Tom Cotton (R-AR) and co-sponsored by Rick Scott (R-FL), Ted Budd (R-NC) and J.D. Vance (R-OH). The bill aims to strip China of its Permanent Normal Trade Relations status, returning it to annual presidential approval for Most Favored Nation status. The presidential approval would be through the Cold War-era Jackson-Vanik Amendment, which Cotton’s bill would expand, adding further human rights and trade abuses that would disqualify a country from ... Log in to view full article.