HEADLINE US formally opposes China market economy status at WTO

HEADLINE

US formally opposes China market economy status at WTO

By David Lawder | Reuters

08:47, December 01, 2017

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Workers ride on an motor rickshaw through an aluminium ingots depot in Wuxi, Jiangsu province September 26, 2012. (Photo: REUTERS/Aly Song)

The United States has formally told the World Trade Organization (WTO) that it opposes granting China market economy status, a position that if upheld would allow Washington to maintain high anti-dumping duties on Chinese goods.

The statement of opposition, made public on Thursday, was submitted as a third-party brief in support of the European Union in a dispute with China that could have major repercussions for the trade body’s future.

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