Anti-dumping actions on the rise

It’s a mark of indus­tri­al devel­op­ment (no, real­ly)—or per­haps of the devel­op­ment of their polit­i­cal economies—that the charge is now being led by the emerg­ing indus­tri­al giants (India, Chi­na, Brazil) whose exports are also the most anti-dumped. Tit-for-tat pro­tec­tion? Per­haps. But if that were so, then Chi­na would be tak­ing a much big­ger lead on anti-dump­ing actions than it has so far; it is cer­tain­ly the hard­est-hit (click thumb­nail image).

In real­i­ty dump­ing is a ratio­nal, com­pet­i­tive com­mer­cial strat­e­gy. Anti-dump­ing is an effec­tive strat­e­gy too, although anti-com­pet­i­tive. Pro­tec­tion­ism is mea­sured in this case not by anti-dump­ing inves­ti­ga­tions but by the will­ing­ness of gov­ern­ments to impose anti-dump­ing penal­ty duties, in effect on their own con­sumers, that are often many times high­er than bound tar­iff rates.

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