Indeed, revoking MFN would give Beijing a pretext to intervene and further curtail freedom in Hong Kong after its reversion to China. Revoking MFN would harm Taiwan. Today, Taiwanese exports contain many components from the People's Republic of China. Revoking MFN would disrupt these trading relationships and possibly send Taiwan's economy into a recession. Revoking MFN would increase taxes on the American people.
Tariffs are taxes.
Revoking MFN would hike the average tariff on Chinese imports from approximately 4 percent to 50 percent. It make no sense for Congress to protest the misdeeds of the Chinese government by raising taxes on the American people through the revocation of China's MFN status. Revoking MFN would jeopardize the jobs of 200,000 American workers. These exports support approximately 200,000 high-paying American jobs. Moreover, the People's Republic of China is one of the fastest growing markets for American businesses.