"A tariff should be imposed on Chinese shirts because they are being sold in the United States below their cost of production." Which argument for trade barriers is used in this example?

Question

Quizplus · Accepted Answer

The argument for imposing a tariff on Chinese shirts because they are being sold in the United States below their cost of production is an example of the antidumping argument for trade barriers. Dumping occurs when a foreign producer sells its goods in a domestic market at a price lower than their domestic price or below their cost of production. This can harm domestic producers and result in the loss of jobs. Antidumping duties are imposed to counteract this unfair trade practice.

"A Tariff Should Be Imposed on Chinese Shirts Because They