In a debate on trade and economic engagement with China, hosted by the Select Committee on the Chinese Communist Party, Mary E. Lovely, senior fellow at the Peterson Institute for International Economics, argued that revoking China's permanent normal trade relationship (PNTR) with the United States would be detrimental to the US economy.
Lovely says removing PNTR would be a declaration of economic war with China, which would not only hurt the United States' relationship with China but American households as well through higher taxes and further supply chain disruptions to products such as cell phones and laptops.
The event was originally showcased on the Select Committee on the CCP's Youtube channel. This video was edited and reposted with permission.