House Panel Says New China Pact Should End Subsidies, Protect Trade Secrets
The Republican-led House Select Committee on China said Aug. 14 that a new trade agreement the Trump administration is negotiating with China should contain or exclude certain provisions to protect U.S. economic and national security.
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The committee believes the agreement should eliminate subsidies and overcapacity in China's industrial sector, “end the trade deficit,” stop China’s currency manipulation, remove China’s import quotas on U.S. goods and enforce all commitments China made in the 2020 “phase one” trade deal (see 2001170044).
Other “key must-haves” include releasing U.S. "hostages" and ending exit bans, closing mass internment camps in the Xinjiang region, ending China’s Internet censorship, stopping China's role in fentanyl shipments to the U.S., enshrining Taiwan’s sovereignty and protecting the intellectual property rights of U.S. companies, the committee wrote on X.
The committee said the administration shouldn’t agree to sell advanced AI chips to China or remove Chinese companies from national security-based entity lists. The panel also would oppose allowing Chinese investment in U.S. “strategic sectors,” weakening U.S. rules on connected vehicles or violating a U.S. law requiring China’s ByteDance to divest TikTok (see 2404240043).