5 Things To Know About China's Nonmarket Economy Status

A provision in China’s WTO accession agreement allows other WTO member countries to use special tariff calculations, known in the US as nonmarket economy calculations, in China cases—for 15 years. As a result, the US could use a formula to determine the value of antidumping tariffs to apply to Chinese goods sold at unfairly low prices. That provision expires December 11, 2016. Here are the five things you need to know about China’s nonmarket economy status and what needs to happen this December.