Asked by
Torin Swaney
on Dec 13, 2024
Verified
The U.S. Commerce Department imposed additional duties of 31 percent to 250 percent on imported photovoltaic products from Chinese solar manufacturers after ruling that they sold them below cost. The Commerce Department took this action in response to what it saw as
A) tariff avoidance.
B) countertrade.
C) surplus marketing.
D) underbidding.
E) dumping.
Dumping
The practice of selling a product in a foreign market at a price below its production cost.
Photovoltaic Products
Items that convert sunlight into electricity, often using semiconductor materials that exhibit the photovoltaic effect.
Additional Duties
Extra charges or taxes imposed on imports and exports, often as a tool to regulate trade.
- Explain the practice of dumping and its implications on international trade.
Verified Answer
DS
Learning Objectives
- Explain the practice of dumping and its implications on international trade.