In 1996, on the House floor, Rep. Nancy Pelosi (D-CA) assailed a then-bipartisan plan to give Most Favored Nation (MFN) trade status to China, arguing that while the U.S. has low tariffs on China-made goods, China has high tariffs on American goods.
While debating opening U.S. free trade with China by giving the communist country MFN status, Pelosi made clear she opposed the plan, noting the growing trade deficit and how it was leading to economic devastation for Americans.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased