Sen. Tom Cotton (R-Ark.) on Monday said he will introduce new legislation this week that would cut China’s special trade privileges by revoking its permanent most favored nation status, formally known as the permanent normal trade relations (PNTR) designation, and instead revert to a prior arrangement where the communist-ruled country’s eligibility is reviewed and, potentially, approved annually.
Cotton said in a post on Twitter that the move would be a step to counter the loss of American manufacturing.
