Trade Cases
December 13, 2016
Trade Tensions Rise with Rebuff of Market Economy Status for China
Written by Sandy Williams
The fifteenth anniversary of China’s accession to the World Trade Organization has passed without China receiving its coveted market economy status.
The United States, European Union and Japan said they will continue to treat China as a non-market economy. A change in status would protect Chinese exporters from tariffs that the U.S., EU and others have imposed against numerous products, including steel. Currently products imported from China are compared to cost of production in a third country (for example Canada) to calculate whether the products are being sold at a fair price in the market.
