US and China Tensions Rise as PNTR Status is Revoked: What It Means for Global Supply Chains

In a groundbreaking shift of geopolitical dynamics, the United States and China have both decided to revoke the Permanent Normal Trade Relations (PNTR) status they had previously granted each other. This unexpected development marks a significant escalation in the ongoing trade tensions between the two economic powerhouses and is poised to have far-reaching implications for global supply chains.

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