[1rudeboy]

In a nutshell, countervailing duties benefit producers at an additional cost to consumers. Take steel pipe, for example. The mill gets a higher margin, and the driller gets the shaft (har).

The larger problem is the notion that you can punish a country for artificially devaluing its currency using this method. The majority of evidence indicates that production simply moves from the target country to another low-wage country. So you are left in the same situation, if not worse . . . because you messed-up the chain.

[Enterprise]

Thank you.