Whenever a foreign producer is selling a product like steel at a lower price than domestic
producers, then dumping is being practiced and must be corrected.

Question

Quizplus · Accepted Answer

Dumping refers specifically to the act of exporting a product at a price lower than its normal value, particularly the price in the domestic market of the exporting country. Not all cases of foreign producers selling at lower prices than domestic producers constitute dumping; it must also involve selling below the cost of production or the home market price to be considered dumping.

Whenever a Foreign Producer Is Selling a Product Like Steel