golden age when political stability and solid economic prospering under an essentially Soviet-style economy, when it was clear who the friends and enemies were (2, pg.viii). China and the U.S. have been through many different phases of friendship together. We have gone from allies (WWII) to enemies (Cold War). There has been a great deal of tension between the two countries over human rights violations, like the Tiananmen Square massacre that happened in 1989. In this massacre thousands of Chinese students were murdered for holding pro-democracy demonstrations. This resulted in an angered President George Bush suspending all high-level governmental exchanges. After having been suspended in 1951, most-favored nation status was restored to China in 1980 conditionally under the Jackson-Vanik freedom-of-emigration amendment of the Trade Act of 1974 and must be renewed annually (7, pg. 2). (7=Pregelj, Vladimir, Most Favored-Nation Status of China, http://www.fas.org/man/crs/92-094.htm) Most Favored Nation Status (MFN) can be withdrawn from China in several ways: (1) by appropriate direct legislation enacted through regular legislative process; (2) by using the specific means provided in the Trade Act of 1974 for denying MFN status to a country that had it restored under that law, i.e., by the fast-track enactment of a joint resolution disapproving the mid-year annual renewal of the Jackson-Vanik waiver authority with respect to China, if such renewal is recommended by the President, or (3) by the Presidents failure to recommend such renewal with respect to China in the first place (e.g., for noncompliance with the Jackson-Vanik requirements). China also can lose its MFN status if the agreement is terminated, upon notice, at the end of a term or if the 3-year extension of the U.S.-China trade agreement does not take place because the President declines to make the required determination (7, pg. 3 paragraph 5). In 1995 the Trade Subc...
