Antidumping Exposed: The Devilish Details of Unfair Trade Law

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· Cato Institute
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About this ebook

The U.S. antidumping law enjoys broad political support in part because so few people understand how the law actually works. Its rhetoric of “fairness” and “level playing fields” sounds appealing, and its convoluted technical complexities prevent all but a few insiders and experts from understanding the reality that underlies that rhetoric. CONNUM? CEP? FUPDOL? TOTPUDD? DIFMER? NPRICOP? POI? POR? LOT? Confused? You’re not alone. Even members of Congress, whose opinions shape the course of U.S. trade policy, are baffled by those devilish details.

Antidumping Exposed book seeks to penetrate the fog of complexity that shields the antidumping law from the scrutiny it deserves. It offers a detailed, step-by-step guide to how dumping is defined and measured under current rules. It identifies the many methodological quirks and biases that allow normal, healthy competition to be stigmatized as “unfair” and punished with often cripplingly high antidumping duties. The inescapable conclusion is that the antidumping law, as it currently stands, has nothing to do with maintaining a “level playing field.” Instead, antidumping’s primary function is to provide an elaborate excuse for old-fashioned protectionism. The authors offer 20 specific proposals for reform of the World Trade Organization’s Antidumping Agreement. Their analysis and ideas should be of great interest to businesses, trade lawyers, and trade negotiators around the world.

The U.S. antidumping law enjoys broad political support in part because so few people understand how the law actually works. Its rhetoric of “fairness” and “level playing fields” sounds appealing, and its convoluted technical complexities prevent all but a few insiders and experts from understand...

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About the author

Brink Lindsey is a senior fellow at the Cato Institute. In his years with Cato, Lindsey has served as director of regulatory studies, founder and director of the Center for Trade Policy Studies, and vice president for research. He was a senior editor of Regulation magazine and he created and was the original editor of Cato Unbound. From 2010 to 2012, Lindsey was a senior scholar in research and policy at the Ewing Marion Kauffman Foundation. He currently serves as a senior fellow with the Kauffman Foundation. His books include Human Capitalism: How Economic Growth Has Made Us Smarter — and More Unequal; The Age of Abundance: How Prosperity Transformed America’s Politics and Culture; and Against the Dead Hand: The Uncertain Struggle for Global Capitalism.

Dan Ikenson is director of Cato’s Herbert A. Stiefel Center for Trade Policy Studies. Since joining Cato in 2000, Ikenson has authored dozens of papers on various aspects of trade policy, focusing his research on U.S.-China trade relations, bilateral and multilateral trade agreements and institutions, globalization, U.S. manufacturing issues, trade politics, and trade remedies, such as the antidumping regime.

Brink Lindsey is a senior fellow at the Cato Institute. In his years with Cato, Lindsey has served as director of regulatory studies, founder and director of the Center for Trade Policy Studies, and vice president for research. He was a senior editor of Regulation magazine and he created and was ...

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