Monday, December 04, 2017

You're Not Going To Be Able To Keep Them Down Forever. Soon It Won't Even Matter.

Trump administration rejects China's bid for market economy status

The Trump administration has confirmed it rejects China's bid to be considered a market economy in the World Trade Organization, making it subject to more onerous trade penalties. In a 41-page legal document presented to the WTO, the US Trade Representative defended its right to consider China a non-market economy when ruling on how to handle a flood of cheap imports from the manufacturing behemoth and protect domestic industry.