A Chinese steel manufacturer is selling certain types of steel in the United States at a price significantly lower than it sells the same steel in its home market.This practice may be a violation of U.S.law.
U.S.laws against dumping are specific and require foreign firms to price their products to include 10 percent overhead costs plus an 8 percent profit margin,making the price of goods in the U.S.at least the same as the price in the home market.

Question

Quizplus · Accepted Answer

The statement accurately reflects the requirements of U.S. laws against dumping, which mandate that foreign firms must include 10 percent overhead costs and an 8 percent profit margin in the price of their products sold in the U.S., ensuring that the price is at least equal to the price in the home market.

A Chinese Steel Manufacturer Is Selling Certain Types of Steel