Plain English summary not yet available
The full original text is available below. Check back soon as we process this bill.
II
118TH CONGRESS
1ST SESSION
S. 1537
To require the imposition of additional duties with respect to articles imported
from the People’s Republic of China until trade between the United
States and the People’s Republic of China comes into balance.
IN THE SENATE OF THE UNITED STATES
MAY 10, 2023
Mr. HAWLEY introduced the following bill; which was read twice and referred
to the Committee on Finance
A BILL
To require the imposition of additional duties with respect
to articles imported from the People’s Republic of China
until trade between the United States and the People’s
Republic of China comes into balance.
Be it enacted by the Senate and House of Representa-
1
tives of the United States of America in Congress assembled,
2
SECTION 1. SHORT TITLE.
3
This Act may be cited as the ‘‘Raising Tariffs on Im-
4
ports from China Act of 2023’’.
5
VerDate Sep 11 2014
23:14 May 19, 2023
Jkt 039200
PO 00000
Frm 00001
Fmt 6652
Sfmt 6201
E:\BILLS\S1537.IS
S1537
kjohnson on DSK79L0C42PROD with BILLS
2
•S 1537 IS
SEC. 2. IMPOSITION OF DUTIES TO BALANCE TRADE WITH
1
THE PEOPLE’S REPUBLIC OF CHINA.
2
(a) CALCULATION OF TRADE WITH THE PEOPLE’S
3
REPUBLIC OF CHINA.—Not later than January 31 of each
4
year, the President shall calculate and publish in the Fed-
5
eral Register, for the preceding calendar year—
6
(1) the total value of articles imported into the
7
United States from the People’s Republic of China;
8
and
9
(2) the total value of articles exported from the
10
United States to the People’s Republic of China.
11
(b) IMPOSITION OF DUTIES.—
12
(1) IN GENERAL.—If the total value calculated
13
under paragraph (1) of subsection (a) exceeds the
14
total value calculated under paragraph (2) of that
15
subsection for the preceding calendar year, the
16
President shall impose an additional duty with re-
17
spect to each article imported into the United States
18
from the People’s Republic of China of 25 percent
19
ad valorem.
20
(2) ADDITIONAL
DUTIES.—A duty imposed
21
under paragraph (1) shall be in addition to any duty
22
previously applicable with respect to an article.
23
(c) CONTINUED IMPOSITION OF DUTIES.—The duties
24
imposed under subsection (b) with respect to articles im-
25
ported into the United States from the People’s Republic
26
VerDate Sep 11 2014
23:14 May 19, 2023
Jkt 039200
PO 00000
Frm 00002
Fmt 6652
Sfmt 6201
E:\BILLS\S1537.IS
S1537
kjohnson on DSK79L0C42PROD with BILLS
3
•S 1537 IS
of China shall remain in effect until the total value cal-
1
culated under paragraph (1) of subsection (a) is equal to
2
or less than the total value calculated under paragraph
3
(2) of that subsection for the preceding calendar year.
4
Æ
VerDate Sep 11 2014
23:14 May 19, 2023
Jkt 039200
PO 00000
Frm 00003
Fmt 6652
Sfmt 6301
E:\BILLS\S1537.IS
S1537
kjohnson on DSK79L0C42PROD with BILLS