A bill amending the Foreign Trade Act of 1974.

[AI summary unavailable — showing source text] Amends the Foreign Trade Act of 1974 to authorize the President to extend most-favored-nation treatment to the People's Republic of China only if the Republic of China receives the same treatment and the same economic benefits. Directs the President to require the leaders of the missions to the People's Republic of China and the Republic of China to monitor the access and availability of those markets to U.S. exports. Requires the President to report any declines in such exports to the appropriate congressional committees. Stipulates that all trade benefits to either nation will cease in the event of any armed conflict, boycott, or blockade between the two nations. Prohibits compliance with any foreign boycott of the Republic of China.…