US lawmakers seek to end China's special trade status, import exemption

FILE - Chinese shipping containers are stored beside a U.S. flag after they were unloaded at the Port of Los Angeles in Long Beach, California, on May 14, 2019.

U.S. lawmakers introduced a bipartisan bill on Thursday that would revoke China's preferential trade status with the United States, phase in steep tariffs and end the "de minimis" exemption for low-value Chinese imports.