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Restoring Trade Fairness Act

Introduced: January 23, 2025 Introduced by: Cotton, Tom Republican · Arkansas See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 23, 2025
Read twice and referred to the Committee on Finance.
Jan 23, 2025
Introduced in Senate
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 Plain-English summary Congressional Research Service

Restoring Trade Fairness Act

This bill establishes various trade measures related to China, including by revoking China's permanent normal trade relations (PNTR) status and increasing the rates of duty (i.e., tariffs) on Chinese imported goods. The bill prohibits imported goods originating from North Korea, China, Russia, or Iran from receiving de minimis treatment. (Current law allows for U.S. imports under a de minimis threshold of $800 per shipment to enter free of tariffs, fees, and taxes.)

Specifically, the bill revokes China's PNTR status. Currently, China's PNTR status allows for Chinese goods to have duty rates set forth in column 1 of the Harmonized Tariff Schedule of the United States (HTS). With the removal of China's PNTR status, the bill generally sets the applicable duty rates on imported Chinese goods at the higher rates listed in column 2 of the HTS, with exceptions.

The bill establishes a minimum duty rate of 35% for all Chinese goods, which requires column 2 rates to be at least 35%. However, the bill establishes a minimum duty rate of 100% for a list of specified goods (e.g., various minerals, certain vaccines and drugs, and certain defense-related articles). Duty rates are phased in over five years and adjusted annually for inflation.

The bill also

  • authorizes the President to take additional actions related to trade with China, 
  • requires merchandise imported from China to be appraised based on U.S. value, and 
  • establishes a trust fund to compensate U.S. producers for lost revenue resulting from retaliatory actions by China.
What's happening now January 23, 2025

Read twice and referred to the Committee on Finance.

 Related & companion bills 1
  • HR 694 Identical bill Restoring Trade Fairness Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Lobbying activity 18

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

  • FEDEX CORPORATION
    for FEDEX CORPORATION · District of Columbia · 2nd Quarter (Apr 1 - June 30) 2026
  • CASE NEW HOLLAND INDUSTRIAL INC.
    for CASE NEW HOLLAND INDUSTRIAL INC · District of Columbia · 2nd Quarter (Apr 1 - June 30) 2026
  • FEDEX CORPORATION
    for FEDEX CORPORATION · District of Columbia · 1st Quarter (Jan 1 - Mar 31) 2026
  • CASE NEW HOLLAND INDUSTRIAL INC.
    for CASE NEW HOLLAND INDUSTRIAL INC · District of Columbia · 1st Quarter (Jan 1 - Mar 31) 2026
  • FEDEX CORPORATION
    for FEDEX CORPORATION · District of Columbia · 3rd Quarter (July 1 - Sep 30) 2025
  • FEDEX CORPORATION
    for FEDEX CORPORATION · District of Columbia · 4th Quarter (Oct 1 - Dec 31) 2025
See all 18 filings →
 Cosponsors 3
All 3 Republican 3
R
Ricketts, Pete
Nebraska · Mar 11, 2025
 R
Banks, Jim
Indiana · Jan 23, 2025
 R
Hawley, Josh
Missouri · Jan 23, 2025
Cite this page click to expand
APA
U.S. Congress. (2026). S. 206: Restoring Trade Fairness Act. 119th Congress. Open America. https://openamerica.io/bill/119-S-206/
MLA
"S. 206: Restoring Trade Fairness Act." 119th Congress, 2026, Open America, https://openamerica.io/bill/119-S-206/.
Bluebook (legal)
S. 206, 119th Cong. (2026), https://openamerica.io/bill/119-S-206/.
Markdown link
[S. 206: Restoring Trade Fairness Act](https://openamerica.io/bill/119-S-206/)
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