The US House of Representatives has passed the PRC is Not A Developing Country Act and Ending Normal Trade Relations with China Act, aimed at stripping China of its “developing country” status and most favored nation treatment. The bills would terminate China’s special treatment, including access to grants from international organizations and tariff exemptions with the US.
The US Congress has recently passed two bills related to China, aimed at depriving China of its “developing country” status and most-favoured-nation treatment, which would terminate China’s special treatment such as receiving funding from international organisations and tariffs exemptions in trade dealings with the US. One of the laws enacted is the PRC is Not A Developing Country Act, which seeks to reclassify China as a developed country to ensure that China cannot enjoy favourable treatment on the international stage as a developing country. The second bill proposed by Senator Josh Hawley, called Ending Normal Trade Relations with China, aims to revoke China’s MFN status and treatment.