what's market economy status?
A “non-market economy” is any foreign country that the U.S. Department of Commerce determines does not operate on market principles of cost or pricing structures. When this is the case, sales by the exporting country do not reflect fair value and the Commerce Department can take that into consideration when investigating potential trade remedies against Chinese manufacturers for selling products in the U.S. at prices lower than what they sell for in China. China has argued that it should automatically be granted Market Economy Status after the 15th anniversary of its accession to the World Trade Organization (WTO) in December 2016.
Check out the video below -- courtesy of MetalMiner -- for more on the market economy status issue.