Open AccessAntidumping Charges Against China: A Comprehensive Analysis Of Proponents, Opponents, And Its Impact On U.S. Companies
Author(s) -
Ki Hee Kim,
Cho Kin Leung,
Vincent Vicari
Publication year - 2011
Publication title -
the international business and economic research journal/the international business and economics research journal
Language(s) - English
Resource type - Journals
eISSN - 2157-9393
pISSN - 1535-0754
DOI - 10.19030/iber.v3i6.3698
Subject(s) - international trade , china , dumping , competitor analysis , foreign direct investment , commission , business , productivity , economics , international economics , law , economic growth , political science , finance , marketing , macroeconomics
Few nations have changed as fastor as Dramaticallyas China has since the 1970s. The worlds most populous nation has radically liberalized its economy and gone from producing low-quality and simple export to sophisticated high- technology goods, while nurturing a vibrant private sector and attracting nearly $500 billion in foreign direct investment (FDI). Chinas total exports grew eightfoldto over $380 billionbetween 1990 and 2003. Chinas share of global exports will reach 6 percent in 2003, compared to 3.9 percent in 2000. The U.S. has lost about 2.6 million manufacturing jobs since 2001. While private economists say that most of he job losses reflected improved productivity at U.S. factories, many in Congress and within industry say China blame China. Chinas soaring economy has turned it into manufacturing juggernaut that maintains the largest trade surplus of many nations, including the U.S. U.S. law provides for the protection of American manufacturers form unfair foreign trade practices. If U.S. companies believe that foreign competitors are dumping merchandise in the U.S. or are being subsidized by foreign governments, they may file for relief with the U.S. Department of Commerces International Trade Administration and the U.S. Trade Commission. Antidumping levies duties on goods dumped on the U.S. market. One of the most contested issues is whether U.S. trade laws, in particular the antidumping laws, should be open to negotiation. It should for the benefits of U.S. customers and U.S. businesses. This research will focus on dumping charges against China and evaluate pros and cons of U.S. antidumping laws against foreign companies and its impact on U.S. consumers and businesses.