PIIE’s Lovely: Ending PNTR might push trading partners toward China

Revoking China's permanent normal trade relations status could help Beijing position itself as a more reliable trading partner, particularly as the incoming Trump administration signals it will not prioritize imports, Peterson Institute for International Economics senior fellow Mary Lovely warned on Wednesday. During a Nov. 20 episode of the think tank’s “Trade Winds” series, Lovely said that China could capitalize on President-elect Trump’s push to impose trade barriers. Trump has repeatedly pledged to impose a 60 percent tariff on all...