@BernardKeane dumped goods are being sold below the cost of production to distort markets. That is not free trade, it is market manipulation
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Replying to @YorickPiper
@YorickPiper and SFW? Let consumers and business benefit, given the distortion is in our favour.2 replies 0 retweets 0 likes -
Replying to @BernardKeane
@BernardKeane but the distortion is temporary. If local competition is destroyed by dumping prices will be higher not lower in the long run2 replies 0 retweets 0 likes -
Replying to @YorickPiper
@YorickPiper and in a global market, there'll be another supplier. are you saying the dumper can dictate the global price of a good?1 reply 0 retweets 0 likes -
Replying to @BernardKeane
@BernardKeane In a regional market of bulk goods with relatively high unit transport costs that can certainly happen3 replies 0 retweets 0 likes -
Replying to @YorickPiper
@BernardKeane in any case, you acknowledge it is a distortion of the market. Regulators job is to smooth out or remove such distortions.1 reply 0 retweets 0 likes -
Replying to @YorickPiper
@YorickPiper no a regulator's job is to serve the national interest, not reflexively attack any change to the status quo.1 reply 0 retweets 0 likes -
Replying to @BernardKeane
@BernardKeane it can't be in the national interest to lose industry secotrs or market share because of a deliberate distortion of the market1 reply 0 retweets 0 likes -
Replying to @YorickPiper
@YorickPiper why not? we've lost industry sectors through eliminating protection before. we seem to have done OK.1 reply 0 retweets 0 likes -
Replying to @BernardKeane
@BernardKeane but dumping is a form of protenction itself. Hence eliminating it requites anti-dumping measures. They are not protectionist2 replies 0 retweets 0 likes
@YorickPiper nearly all the benefits of removing protection accrue from your own unilateral actions
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