SENATE 1537118th CongressRead twice and referred to the Committee on Finance.

Raising Tariffs on Imports from China Act of 2023

Last Action: 5/10/2023

Actions

2023-05-10Read twice and referred to the Committee on Finance.
2023-05-10Introduced in Senate

CRS Summary

As of 2023-05-10 (00)

Raising Tariffs on Imports from China Act of 2023

This bill directs the President to annually calculate and publish in the Federal Register (1) the total value of articles imported into the United States from China, and (2) the total value of articles exported from the United States to China.

If the total value of articles imported into the United States from China exceeds the total value of articles exported from the United States to China for the preceding year, then the President must impose a 25% ad valorem duty on each article imported from China. These additional duties must continue until the total value of articles imported from China is equal to or less than the total value of articles exported to China for the preceding calendar year.

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