A win for the EU and US
The WTO decided that China didn't automatically qualify for market-economy status in 2016, according to two people cited by Bloomberg.
The interim ruling allows for duties against 'dumped' Chinese products on a case-by-case basis.
The win also gives the US additional leverage in trade talks and is USD positive (EUR positive too).
From Bloomberg:
The decision deals a significant blow to China, which had argued that its 2001 accession to the WTO required members after 15 years to treat Beijing as a market economy, which would reduce trade partners' ability to curb goods sold below cost. The European Union, which was the defendant in the case, had previously used a non-market economy methodology when calculating anti-dumping duties, which allowed for higher penalties.
