NEW YORK -- Republicans in the U.S. Congress introduced a bill last week to end permanent normal trade relations with China, claiming that the trade status granted to Beijing has led to unfairly imbalanced relations between the world's two largest economies.
U.S. elections 2024
What happens if China loses normal U.S. trade relations?
Economists say Washington revoking status could boost inflation, erode GDP
Washington's granting of permanent normal trade relations to China has resulted in cheaper Chinese imports but fueled a U.S. trade deficit. © Reuters
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