Dumping refers to the practice of exporting goods at prices lower than their market value. It can harm domestic industries by undercutting prices. In international trade, dumping is often viewed as unfair competition. Many countries have laws to counteract dumping. This includes imposing tariffs on imported goods. The term also has implications in environmental contexts, relating to waste disposal practices.
In global trade debates, “dumping” is often dismissed as a red herring: after all, goods enter a country because domestic laws allow imports and buyers exist. Yet dumping...
