Such trade status entitles foreign countries to tariff rates approximately onetenth of what they would pay without it. Under current U.S. trade law. Communist countries which do not allow free emigration are prohibited from receiving MFN status. However. the President has annually waived this requirement. concluding that denial of MFN status is working toward more liberal emigration policies. Rather than indicate that the Peoples Republic of China would end oppression. brutality. and human rights violations which culminated in the Tiananmen Square massacre. or investigate and end its illegal trade practices. Premier LI Peng recently indicated that without a renewal of MFN trade status China would retaliate against American Companies. specifically the Boeing Co.
Keywords matched
emigration