During the first 6 months of 2008, the European Union EU) initiated an anti -dumping case against China for imports of taper candles. What is dumping?

Question

Quizplus · Accepted Answer

Dumping is the practice of selling goods in a foreign market at a lower price than their cost of production, in order to gain a competitive advantage. In this case, the EU initiated an anti-dumping case against China for allegedly selling taper candles at a price lower than their cost of production, which harmed European candle producers.

During the First 6 Months of 2008, the European Union