Stop China’s Financing of Russia’s Invasion Act
Bill: H.R.7114 | Sponsor: Rep. Budd, Ted (R-NC)
Policy area: Foreign Trade and International Finance

Summary:
Stop China's Financing of Russia's Invasion Act
This bill requires additional tariffs on certain Chinese goods if China increases its importation of wheat and barley from Russia.
Specifically, the bill requires the U.S. Trade Representative (USTR) to certify to the President whether China has increased the volume of wheat and barley imported from Russia relative to the volume imported on February 1, 2022. Upon an affirmative confirmation and until certain requirements are met, the President must impose an additional tariff of 20% on Chinese products that are classified under section I, II, or III of the Harmonized Tariff Schedule (which includes, among others, animal and vegetable products).
Additionally, the bill directs the USTR to take certain actions, including to consider steps to suspend Russia's participation in the World Trade Organization.

To impose retaliatory tariffs on Chinese goods for financially 
     supporting Russia through the increased purchases of Russian 
agricultural products during Russia's ongoing invasion of Ukraine, and 
                          for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Stop China's Financing of Russia's 
Invasion Act''.

SEC. 2. CERTIFICATION BY UNITED STATES TRADE REPRESENTATIVE.

    Not later than 10 days after the date of the enactment of this Act, 
the United States Trade Representative shall certify to the President 
whether China has increased the volume of wheat and barley imported 
from Russia relative to the volume imported on February 1, 2022.

SEC. 3. IMPOSITION OF ADDITIONAL TARIFFS.

    Upon an affirmative certification under section 2, the President 
shall, using all authorities granted to the President by the 
International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.) 
relating to the regulation of imports, impose on each article 
classifiable under section I, II, or III of the Harmonized Tariff 
Schedule of the United States that originates from China and is 
imported into the customs territory of the United States (as such term 
is defined in General Note 2 to the Harmonized Tariff Schedule of the 
United States) an additional tariff of 20 percent of the value of such 
article.

SEC. 4. RELAXATION OF ADDITIONAL TARIFFS.

    (a) In General.--The additional tariffs imposed pursuant to section 
3 shall be removed beginning on the day after the date described in 
subsection (b).
    (b) Date Described.--The date described in this subsection is the 
first date on which each of the following has occurred:
            (1) Either--
                    (A) the United States Trade Representative 
                certifies to the President that the volume of Chinese 
                imports of Russian wheat and barley has returned to or 
                fallen below the volume imported on February 1, 2022; 
                or
                    (B) the Secretary of State certifies to the 
                President that the Russian invasion of Ukraine has 
                ceased.
            (2) The President transmits to Congress the applicable 
        certification described in paragraph (1).
            (3) There is enacted statutory approval of such 
        certification and for the removal of the additional tariffs.

SEC. 5. COOPERATION AND ACCOUNTABILITY AT THE WORLD TRADE ORGANIZATION.

    The United States Trade Representative shall use the voice and 
influence of the United States at the World Trade Organization to--
            (1) condemn the recent aggression, human rights abuses, and 
        war crimes by Russia;
            (2) encourage China and all other countries to not 
        economically help the Russian Federation pay for its war by 
        increasing the volume of their trading relationships with the 
        Russian Federation while the violent and unprovoked invasion 
        transpires; and
            (3) consider further steps with the view to suspend the 
        Russian Federation's participation in the World Trade 
        Organization.
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