The EU has changed its “market economy status” rules, removing a blacklist approach and instead treating each country on its own merits. That gives it more flexibility in assessing the effects of dumping and subsidization, in particular in reference to China. Non-market economy status typically leads to higher tariffs being applied, and China has already complained to the WTO about the EU and U.S. approaches. It isn’t clear whether the EU move will change China’s position. The stakes are high. The EU currently has 106 measures in force against Chinese exports. While only a proportion may...
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