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China could be granted MES this year obliterating US manufacturing

Thursday, September 22, 2016   (0 Comments)
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While Donald Trump has talked tough on combating Chinese currency manipulation, and Hillary Clinton has softened her stance on the Trans-Pacific Partnership, there is one crucial trade issue they have not addressed: the possibility that China will soon be granted Market Economy Status by the World Trade Organization.

As China is obviously not a market economy, the WTO’s granting China economic status would hamper the United States’ ability to contest damaging Chinese trade practices within the WTO, and open the U.S. market to increased dumping by Chinese manufacturing industries that would threaten the very survival of the US manufacturing industry.

AEC President Jeff Henderson shared his viewed on the issue for this article. More...

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