Bipartisan Report Calls for Tougher Stance on China Trade and Security
• Calls for resetting US-China economic relations with over 130 policy recommendations for changes to trade, investment, and security • Seeks to remove China's "most favored nation" trading status, allowing higher tariffs on Chinese goods • Calls for renewing rule to allow tariffs on China without proving unfair practices • Recommends economic penalties and contingency plans with allies in event of conflict • Proposes increased funding for competitive technologies like AI and semiconductors