"Lawmakers Push for Tariff Hike and Economic Breakup with China Amid Rising Tensions"

Bipartisan lawmakers in the United States have released a report calling for the severing of more economic and financial ties with China, including revoking the low tariff rates granted to Beijing after it joined the World Trade Organization. The report argues that China's "multidecade campaign of economic aggression" has undermined American firms and left the US vulnerable. The recommendations include imposing new tariffs on Chinese chips, cutting off capital and technology flows, disclosing ties to China for American companies, and investing in US research and manufacturing capacity. While some recommendations may not be adopted, the report could pave the way for bipartisan legislation on China in the future.