USA HISTORY

Detailed explanation-1: -Dumping is, in general, a situation of international price discrimination, where the price of a product when sold in the importing country is less than the price of that product in the market of the exporting country.

Detailed explanation-2: -Dumping occurs when a country or company exports a product at a price that is lower in the foreign importing market than the price in the exporter’s domestic market. The biggest advantage of dumping is the ability to flood a market with product prices that are often considered unfair.

Detailed explanation-3: -Dumping is also known as landfilling.

Detailed explanation-4: -What is dumping? When a company exports a product to another country at a price below the price charged in the country of manufacture, or below the cost of manufacturing the product, it is known as ‘dumping’ the product.

Detailed explanation-5: -Anti-dumping actions. If a company exports a product at a price lower than the price it normally charges on its own home market, it is said to be “dumping” the product. Is this unfair competition? Opinions differ, but many governments take action against dumping in order to defend their domestic industries.