Comment by pclmulqdq
13 hours ago
Dumping is when you sell things for below cost. It is not dumping when you charge a 500% markup instead of a 1000% markup, even if the market is currently selling at that markup.
13 hours ago
Dumping is when you sell things for below cost. It is not dumping when you charge a 500% markup instead of a 1000% markup, even if the market is currently selling at that markup.
I thought the same but when I googled, the results disagreed with this point of view.
https://en.wikipedia.org/wiki/Dumping_(pricing_policy)
All the laws listed there define dumping as something being sold below the "normal price" and there being some quantifiable harm being done to local industry of the country being exported to.
So it has nothing to do necessarily with the cost of production, and based on this it could be considered price dumping.
That's merely the marginalists at the WTO struggling to fit their beliefs that value is subjective and unkowable into the reality of commodity production.
Okay, so what official sources do you base your definition of price dumping on? Nobody is asking for your opinion on what you think price dumping is. This is a legally recognised thing, not just some random talking point.