Europeans hesitate to call China a market economy. But it has been agreed upon. The WTO promised China that title by 2016. That makes it possible for Chinese companies to sell their products cheaply.
Representatives of the 164 WTO member countries are in Buenos Aires for their biennial meeting. The odds of a breakthrough look grim against the backdrop of Donald Trump's 'America First' policy and discord over China.
China has defended its trade with the US as a win-win scenario ahead of a speech by US President Donald Trump laying out a new national security strategy that will accuse Beijing of "economic aggression."
Germany has called on the European Commission to back its steelmakers by insisting on global trade rules in a dispute with US competitors over alleged German price dumping on the embattled US market.
Disagreements over giving "market economy" status to China have prevented a common statement on climate change after an EU-China summit. The issues of dumping and access to investment clouded the talks.
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