China Loses Landmark WTO Dispute Against EU
- Retreat provides greater legal certainty for EU, U.S. tariffs
- Bolsters U.S. claim that China has not become a market economy
A crane lifts a shipping container from a cargo ship, operated by China Ocean Shipping Group Co. (COSCO), at the Euromax terminal at the Port of Rotterdam in Netherlands.
Photographer: Yuriko Nakao/BloombergThis article is for subscribers only.
China spent four years fighting for market-economy status, a designation that would give it stronger footing with commercial partners while also curtailing their ability to retaliate over trade disputes.
This week, China quietly lost that battle.