A congressional panel has recommended that the U.S. toughen its trade relationship with Beijing. That would roll back a nearly 25-year-old decision that helped bring about China’s rapid economic growth but that many in Washington now see as hurting U.

Bipartisan group recommends end to Beijing’s decades-long permanent normal trade status and calls for “Manhattan Project-type” American AI fund.

A report from the U.S.-China Economic and Security Commission underscored the increased scrutiny of ties that lies ahead as the Trump administration prepares to take power.