This bill proposes to **withdraw normal trade relations (NTR) treatment** for products from the People's Republic of China (PRC). If enacted, 90 days later, products from the PRC would no longer receive preferential tariff rates, instead facing the higher duties specified in column 2 of the Harmonized Tariff Schedule of the United States. The legislation also explicitly prevents any future extension of NTR to China under existing trade laws, and grants the President authority to proclaim even higher tariffs. The bill's findings assert that the PRC has **repeatedly violated its trade commitments**, including those made upon its ascension to the World Trade Organization in 2001. These violations encompass failing to transition to a market-oriented economy, engaging in widespread intellectual property theft, and providing substantial subsidies to its domestic industries, which undermine fair competition for U.S. businesses. The legislation cites significant economic impacts on the United States, such as billions lost to tariff evasion and intellectual property theft, alongside a decline in U.S. manufacturing jobs and output. Furthermore, the bill argues that China's actions, including industrial espionage, forced technology transfers, and threats to critical supply chains like rare earths, constitute a **grave threat to U.S. national security**. It invokes Article XXI of GATT 1994, which allows countries to act for the protection of essential security interests, as a justification for revoking China's NTR status, similar to actions taken against Russia. This comprehensive measure seeks to address what the bill identifies as a systemic economic assault by the PRC.