- Aug 6, 2012
- 28,190
- 24,989
- 2,405
A very big deal and one I thoroughly support. About time someone takes on China and let's the world know that America will no longer be exploited!
US seeks to deny China market economy status in WTO
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The Trump administration has opposed China’s bid for recognition as a “market economy” in the World Trade Organization, citing decades of legal precedent and what it sees as signs the country is moving in the opposite direction under Xi Jinping.
The US opposition to China’s efforts to be recognised as a market economy in the WTO came in a legal submission due to be released on Thursday in a case brought by Beijing against the EU. Market economy status would make it more difficult for the US to defend its anti-dumping rulings against Chinese companies at the WTO. The move comes as the Trump administration has stepped up trade pressure on Beijing and as Washington faces growing international isolation over what critics fear is a populism-fuelled attack on the global trading system.
US seeks to deny China market economy status in WTO
Subscribe to read
The Trump administration has opposed China’s bid for recognition as a “market economy” in the World Trade Organization, citing decades of legal precedent and what it sees as signs the country is moving in the opposite direction under Xi Jinping.
The US opposition to China’s efforts to be recognised as a market economy in the WTO came in a legal submission due to be released on Thursday in a case brought by Beijing against the EU. Market economy status would make it more difficult for the US to defend its anti-dumping rulings against Chinese companies at the WTO. The move comes as the Trump administration has stepped up trade pressure on Beijing and as Washington faces growing international isolation over what critics fear is a populism-fuelled attack on the global trading system.
