Suspends normal trade relations with China and increases tariffs on Chinese imports.
The Restoring Trade Fairness Act aims to suspend normal trade relations with the People's Republic of China and increase tariffs on Chinese imports. It establishes a trust fund to compensate U.S. producers for lost revenue due to Chinese import restrictions. The fund also allocates resources to purchase specific articles intended for export to China, which were not exported due to Chinese actions and could not be sold elsewhere at fair prices. The bill mandates that merchandise imported from China be appraised based on its U.S. value.
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