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ECONOMY > Trade

Japan to remove China’s “most favored nation” status

  • November 25, 2016
  • , Sankei
  • JMH Summary

Friday’s Sankei gave top play to the Finance Ministry’s decision to remove China and four other nations from a list of countries that receive “most favored nation” treatment for their imports on account of their rapid economic development. Noting that the Trump administration is also looking into adopting higher tariffs on Chinese imports and that China is bound to react strongly to such moves, the daily said Japan and the U.S. are putting more pressure on Beijing on the trade front. Nikkei ran a similar story highlighting the USG’s decision not to designate China as a “market economy” as stipulated under WTO rules.

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