Free Trial

Sen Hawley To Introduce Hawkish China Bill Today


Senator Josh Hawley (R-MO) will introduce a bill today to revoke China’s normal trade relations status, apply higher tariffs on Chinese imports, and provide the president increased authority to apply unliteral tariffs.

  • Hawley: “As we face a new age of competition with China, we need an agenda in Washington... We can start by revoking the sweetheart deal D.C. elites handed to China 23 years ago - end normal trade relations, put in place strong tariffs, and protect American workers.”
  • The mood on Capitol Hill is currently ultra-hawkish on China but it is unclear if Hawley’s bill has enough support to pass.
  • A resolution to establish a Select Committee on China passed the House (vote: 365-65) in January and a resolution condemning the Chinese "spy balloon" passed the House unanimously in February but the Senate is seen as more conservative on major foreign policy actions.
  • The measures in Hawley's bill would be similar to those applied on Russia following the invasion of Ukraine. Politico notes: “U.S.-Russian trade is relatively small, totalling just about $36 billion in 2021. U.S.-China trade, on the other hand, totalled over $650 billion in the same year.”

To read the full story



MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.