Ways & Means members weigh prospect of stripping China’s PNTR

At a hearing on China’s trade and investment agenda on Tuesday, House Ways & Means trade subcommittee members discussed the possibility of stripping Beijing of its permanent normal trade relations -- a prospect that has garnered more attention amid increasingly strained tensions between the U.S. and China. Lawmakers in the House and Senate this year have proposed bills to strip China of PNTR, which could raise the average tariffs on Chinese goods up to 30 percent. Similar bills were proposed...