Business: Zeroing In on Dumping

How to cut imports while maintaining free trade

A few weeks ago, the antidumping office of the U.S. Treasury Department was one of the most obscure backwaters in the entire federal Establishment. Today its six bureaucrats are rapidly becoming some of the most overworked staffers in Washington. In the past month the steel industry alone has filed 14 complaints of alleged dumping—that is, selling below cost—against foreign competitors in the U.S. In all, $1.4 billion worth of imported steel is involved. Additional cases are likely to cover microwave ovens, Citizens Band radios, motorcycles and perhaps even granola from Switzerland. This counterattack...

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