Pelosi was dead on! Granting China accession into the WTO was the biggest mistake the US and EU made 20 years ago. The West had unrealistic expectation of China, a country that does not respect the spirit of contract. As a result, most of China's WTO obligations were not fulfilled even up to this date.
In retrospect, the annual review of China's Most-Favored-Nation status was the perfect scheme to deal with China. China does not deserve unconditional trading benefits it enjoys now.
It's good to see the US is decoupling with China now.