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Antidumping Suit

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Antidumping Suit
A lawsuit in which a country accuses a trading partner of dumping, which is the practice of exporting a good to a foreign country to capitalize on the price difference. This can harm domestic industries. According to the World Trade Organization, in order to prove one's case in an antidumping suit, one must prove both that dumping took place and that it harmed a domestic industry in a tangible way.


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The antidumping suit targets products from Argentina, Australia, Belgium, Brazil, China, France, Germany, India, Japan, South Korea, the Netherlands, New Zealand, Russia, South Africa, Spain, Sweden, Taiwan, Thailand, Turkey and Venezuela.
The recent antidumping suit on Japanese cold-rolled steel is unreasonable, and extremely regrettable,'' said Akira Chihaya, chairman of the Japan Iron and Steel Federation in a written release.
Federal Reserve Chairman Alan Greenspan recently testified before the Senate Finance Committee that slowing economic growth could spawn protectionist measures in the form of countervailing and antidumping suits that are 'unwise and surely self-defeating,'" said Petniunas.
 
 
 
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