It was 25 years ago today when President Bill Clinton stood in the Rose Garden and signed the United States – China Relations Act into law, which granted permanent normal trading relations (PNTR) with China.
That law would change the U.S.-China trading relationship forever. It gave China the same trade terms as America’s allies, and it greenlit China’s entry into the World Trade Organization (WTO), integrating their developing economy into the global trade system.
Former Obama and Biden economic advisor Gene Sperling concurred, saying “The question is whether passage of PNTR will make positive change in China more or less likely. We believe it…
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