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Under WTO rules, the US would be allowed to add duties up to the value of the normal market price of the goods in the originating domestic market.
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This does not punish the wrongdoer in my opinion. Something more punitive is appropriate. I'm not saying the 1916 Act is still appropriate today, but I am saying the WTO Treaty is too weak on this issue.
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The crux of the issue is that US anti-dumping measures are too severe and actually end up providing US companies with an undue competitive advantage.
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A competitive advantage? Surely you jest. You mean the steel industry's competitive advantage or the seamstress unions competitive advantage? Oh, wait, those industries basically LEFT our country due to dumping (in one case) and unfairly-priced labor competition (in the other case). The WTO Treaty has some glaring holes -- there are things that should be accounted for to truly "even the field."
So long as the developed nations have to compete with the poorer nations lower prices, without being able to account for the price differences necessitated by higher labor and environmental standards, the WTO is just more global welfare. And, it plays out directly in a loss of jobs here.
[ 02-19-2004, 10:08 AM: Message edited by: Timber Loftis ]