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To: rbosque
The U.S. government can use a number of different WTO-approved mechanisms to reduce or block imports from another country. If it finds that a country has been selling goods at “less than fair value,” it can pursue a dumping investigation. If it finds that a country has been illicitly subsidizing its exports, it can take up a countervailing duty case. Those are the two most common approaches, and each involves a two-stage investigation. First, the U.S. International Trade Commission (USITC) determines whether the domestic industry has been injured. Second, the Commerce Department assesses the extent of the exporting country’s violation—the dumping margin or the size of the subsidy. In the end, tariffs may be applied.

http://www.freerepublic.com/focus/f-news/2644863/posts.


32 posted on 12/19/2010 7:08:53 PM PST by 1rudeboy
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To: 1rudeboy

Remember the steel fiasco? The dumpers can just appeal as Bush did with the steel industry. Of course this isn’t as big as the steel industry which is heavily protected.


70 posted on 12/19/2010 8:02:29 PM PST by rbosque (12 year Freeper!!! Combat Economist.)
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To: 1rudeboy
First, the U.S. International Trade Commission (USITC) determines whether the domestic industry has been injured. Second, the Commerce Department assesses the extent of the exporting country’s violation—the dumping margin or the size of the subsidy. In the end, tariffs may be applied.

How long do you suppose that takes? - My guess - just long enough to be ineffectual.

74 posted on 12/19/2010 8:08:48 PM PST by Last Dakotan (Hunting - the ultimate in organic grocery shopping.)
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