WI: U.S. Doesn't Grant China Most Favored Nation Status in 1998?

Discussion in 'Alternate History Discussion: After 1900' started by vega, Dec 7, 2018.

  1. vega The Asker

    Joined:
    Mar 27, 2014
    Location:
    Pennsylvania
    What if the U.S. doesn't give China the status of most favored nation in 1998? Would they have liberalized more? Would they have been as successful in gaining economic power?
     
  2. jerseyguy Well-Known Member

    Joined:
    Feb 25, 2017
    Most Favored Nation Status just means that China gets treated like every other member of the World Trade Organization, it sounds like an exclusive thing but it's not. MFN means that if the US, for example, sets a 40% steel tariff on all WTO members, except for a 10% tariff against the UK because we really like them, US trade policy has to apply the rules for the UK to all other WTO members.

    A uniform tariff policy is designed to reduce the possibility of a trade war between two specific countries and its supposed to encourage trade liberalization because countries can't benefit from playing favorites when they set tariff rates.
     
  3. Omar04 Well-Known Member

    Joined:
    Sep 11, 2018
    This should be in chat. The rule of thumb is "if people can't reply to your thread w/o bringing up current political topics, it's a chat thread " or something like that.