The US government introduced the trigger-price mechanism in the 1970's in response to dumping in what industry?

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The trigger-price mechanism was introduced by the US government in the 1970s in response to dumping in the steel industry. Dumping is when a foreign company exports goods to another country at a lower price than they sell for in their domestic market, which can hurt domestic producers. The trigger-price mechanism set a floor price for imported steel to prevent foreign companies from driving domestic steel producers out of business.

The US Government Introduced the Trigger-Price Mechanism in the 1970's