WASHINGTON (Reuters) -- U.S. lawmakers introduced a bipartisan bill on Thursday that would revoke China's preferential trade status with the United States, phase in steep tariffs, and end the "de minimis" exemption for low-value Chinese imports.
The bill, introduced by John Moolenaar, the Republican chair of the House of Representatives' select committee on China, comes after President Donald Trump issued a memo on Monday asking his cabinet to assess legislation on the "permanent normal trade relations" designation for Beijing.
