Restoring Trade Fairness Act

This bill would end normal trade treatment for goods from China and raise U.S. import taxes (tariffs) on those goods. Most Chinese imports would move to a higher tax list, with at least a 35% tariff, and some items would face at least 100% (such as certain minerals, some vaccines or drugs, and defense-related items). The higher rates would roll in over five years, starting 180 days after the bill becomes law; some rates would also be adjusted each year for inflation. Normal trade treatment ends the day after enactment .

It also closes the small-package loophole: shipments under $800 from China, Russia, Iran, or North Korea would no longer enter duty‑free, starting 15 days after enactment. Customs would value Chinese imports based on their U.S. market price, and importers must report that price for verification. The President could further raise tariffs, set quotas to cut reliance, or block imports tied to national security, unfair trade, or human rights abuses. Money equal to the tariffs on Chinese goods would be set aside in a fund to help U.S. farmers and key industries if China retaliates; any leftover could go to specified defense purchases. The fund ends after 10 years .

• Who is affected: U.S. consumers and online shoppers buying from China; U.S. importers and retailers; U.S. farmers and key manufacturers who could get aid if China retaliates .
• What changes: End of normal trade treatment for China; higher tariffs (at least 35% for most, 100% for some); no $800 duty‑free for packages from China/Russia/Iran/North Korea; U.S.-based price used to value Chinese imports; potential quotas or bans on certain items; creation of a producer relief fund .
• When: Normal trade treatment ends the day after enactment; tariff increases phase in over five years (first step at 180 days); the small‑package change starts 15 days after enactment; the relief fund runs for 10 years .