Trump Hits the “Nuclear Button” on Trade With China, Revoking Its Favored Nation Status;China Doomed
Trump Hits the “Nuclear Button” on Trade With China, Revoking Its Favored Nation Status;China Doomed
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On his first day in office, Donald Trump signed a high-profile memorandum on the "America First Trade Policy." The memo directed his cabinet to assess the feasibility of revoking China's Permanent Normal Trade Relations (PNTR) status, with a deadline set for April 1. This move was seen as a potential "nuclear option" in the Trump administration's trade policy toward China.
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