@BernardKeane it ignores the fact that many trading partners engage in dumping, sometimes state sanctioned, destroying jobs & industry
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@BernardKeane dumped goods are being sold below the cost of production to distort markets. That is not free trade, it is market manipulation -
@YorickPiper and SFW? Let consumers and business benefit, given the distortion is in our favour. -
@BernardKeane but the distortion is temporary. If local competition is destroyed by dumping prices will be higher not lower in the long run -
@YorickPiper and in a global market, there'll be another supplier. are you saying the dumper can dictate the global price of a good? -
@BernardKeane In a regional market of bulk goods with relatively high unit transport costs that can certainly happen -
@YorickPiper well you should be able to come up with an example of that then
End of conversation
New conversation -
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@BernardKeane FactCheck: do other countries subsidise their car industry more than we do? Yes https://theconversation.com/factcheck-do-other-countries-subsidise-their-car-industry-more-than-we-do-16308 … and shipbuilding etcThanks. Twitter will use this to make your timeline better. UndoUndo
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@BernardKeane thanks for sharing Bernard Keane, have a great Monday :) (Want this FREE? >> http://bit.ly/want_this_free )Thanks. Twitter will use this to make your timeline better. UndoUndo
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