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  • Bye, Bye Byrdie (trade sanctions, anti-dumping)

    09/01/2004 5:20:52 AM PDT · by OESY · 5 replies · 322+ views
    Wall Street Journal ^ | September 1, 2004 | Editorial
    American consumers of everything from shrimp and pasta to candles, ball bearings and steel already bear the high price of anti-dumping tariffs slapped by Washington on hundreds of imports. Now Americans are about to pay again for an anti-dumping policy that is akin to letting the inmates run the asylum. The World Trade Organization ruled this week that the U.S. could be hit with retaliatory duties if it doesn't do away with the Byrd Amendment. This nasty little rule rewards domestic producers that support dumping petitions with the proceeds of anti-dumping duties. Talk about perverse incentives. The possible retaliators --...