Dumping

[Lawrence]

There is much that confuses me about this situtation and perhaps someone on
this list can set me straight. "Dumping" is when countries sell something in
America for less than they sell it domestically, right? Why dump when the
dollar is over-valued? Doesn't a strong dollar allow you to "dump" in way
that is totally legal? I mean, you can still under price American producers,
even if you charge what you charge domestically?

Why dump at all? Is that simply because non G7 countries have
non-convertible currencies and are therefore desperate to come up with
foreign exhcange? Is all dumping government subsidized, or is there purely
private sector dumping too?

On another note, leaving aside for the moment the issue of the WTOs
morality, and the morality of free trade, is the WTO fair by its own
measures? Does it enforce rules on all countries evenly? Does it have an
obvious bias toward the US? If it merely has a bias to free trade, then I
would conclude that it is being fair by its own rules, but is that its only
bias?

----- Original Message -----
From: "Kevin Robert Dean" <qualiall_2 at yahoo.com>
To: <lbo-talk at lists.panix.com>
Sent: Saturday, August 18, 2001 9:16 AM
Subject: Dumping


> So can the WTO sanction the US for violating "free
> trade" when they enact anti-dumping laws?  Or does
> "free trade" only mean when it is at the US's
> convineinece to do so?
>
> >From the Financial Times: (URL too long to post)
>
>
> US acts over steel dumping
> By Reuters
> Published: August 18 2001 00:02GMT
>
> The US International Trade Commission on Friday found
> that the US steel industry is being injured by cheap
> hot-rolled steel from Argentina and South Africa that
> is being dumped in the country.
>
> The ITC also found that Argentina's subsidised
> hot-rolled steel shipments to the US are injuring the
> steel industry.
>
> As a result of the ruling, the US Commerce Department
> will put in place anti-dumping and countervailing
> duties on the Argentine hot-rolled steel imports and
> anti-dumping duties on the South African product.
>
> The US ITC decision stems from an investigation that
> began in November and was requested by leading steel
> producers.
>
> The agency is also investigating anti-dumping and
> countervailing duty allegations against several other
> steel-producing countries, including China, India,
> Indonesia, Taiwan, Thailand and Ukraine.
>
>
>
> =====
> Kevin Dean
> Buffalo, NY
> ICQ: 8616001
> http://www.yaysoft.com
>
> __________________________________________________
> Do You Yahoo!?
> Make international calls for as low as $.04/minute with Yahoo! Messenger
> http://phonecard.yahoo.com/