What would happen to "assault rifle" prices if 18 USC 922R was repealed?

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No full auto weapons were sent from China, so your information is incorrect.

Firearms from China were banned for import as part of the trade issues with China (and because every weapon sold put money into the Red Army which owned the plants making the weapons).
Not what I've read.


From Wiki

"Importations of most Norinco firearms and ammunition into the United States were blocked during the Clinton Administration in 1993 under new trade rules when China's Most Favored Nation status was renewed. Concerns about their use by criminals in inner cities was the reason put forward for the prohibition. The prohibition did not apply to sporting shotguns or shotgun ammunition however.

In 1994, some employees of Norinco came under federal investigation from both the FBI as well as the BATF after a successful sting dubbed “Operation Dragon Fire.” In May 1996, in what was called "the largest seizure of fully operational automatic weapons in U.S. history,"[8] 14 individuals and an Atlanta, Georgia company were indicted for the unlicensed importation and sale of 2,000 Type 56's into the United States. U.S. Customs agents posing as arms traffickers convinced a group of Chinese arms dealers, including three Norinco representatives, that they were in the market to buy guns for drug rings and street gangs.[9] "The defendants offered the government undercover agents more sophisticated weapons, including hand-held rocket launchers, mortars, anti-aircraft missiles, silenced machine guns and even tanks," said Wayne Yamashiita of the U.S. Customs Service.[10] The Customs Service discovered during the investigation that these weapons were bound for Oakland, California street gangs.[11] According to an affidavit signed by two of the undercover agents involved in the investigation, representatives from Norinco offered to sell urban gangs shoulder-held missile launchers capable of downing a large commercial airliner."
 
If you want to know, then just look at weapons prices in Canada, and then decrease prices somewhat to compensate for considerably higher volume. They can buy Norinco M14s for $500 across the border; they'd be the same price or less here.
 
Sorry, I didn't include intentional smuggling because the question was related to the ban being due to full autos being inadvertently shipped.

The case you correctly point out was an intentional smuggling effort and not an unintentional shipment of selective fire weapons.
 
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