Business: A Trigger to Curb Dumping

If the price tag is too low, out come Treasury's hound dogs

For the past year or so the U.S. steel industry has resembled an aging boxing champ, once invincible but now hobbled by old bones and slow reflexes. The young contender has been imported steel, largely of Japanese origin, which in some months has seized a fifth of the domestic market. Late last fall the White House pledged to help salve the champ's wounds by toughening up U.S. sanctions against dumping—that is, selling foreign steel in the U.S. for less than it costs...

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