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U.S. Antidumping against Japanese Steel

Takeuchi Waldegren, Linn LU (2002)
Abstract
Dumping is generally considered an unfair practice and through the Antidumping Agreement of the GATT many governments offer protection to domestic producers against dumped goods. In 1992 and 1998 large amounts of steel entered the U.S. at low prices, and large amounts of antidumping investigations were initiated in order to curb the surge of imports flooding the country.

The increase in steel imports in 1992 was related to the laps of the voluntary export restraints, while the increase in 1998 was a result of the collapse of the Asian markets in 1997. “The 1998 U.S. Steel Crisis” that followed the significant increase in steel imports caused domestic turmoil in the U.S., but there is reason to question if there really was a major... (More)
Dumping is generally considered an unfair practice and through the Antidumping Agreement of the GATT many governments offer protection to domestic producers against dumped goods. In 1992 and 1998 large amounts of steel entered the U.S. at low prices, and large amounts of antidumping investigations were initiated in order to curb the surge of imports flooding the country.

The increase in steel imports in 1992 was related to the laps of the voluntary export restraints, while the increase in 1998 was a result of the collapse of the Asian markets in 1997. “The 1998 U.S. Steel Crisis” that followed the significant increase in steel imports caused domestic turmoil in the U.S., but there is reason to question if there really was a major crisis. Further, the U.S. steel sector has been receiving considerable amounts of protection during the last three decades and the difficulties it has been facing may well be due to inefficiency in the U.S. sector rather unfair trade practices in foreign markets.

Japanese iron and steel exports have traditionally been a major target of U.S. antidumping investigations. Significant amounts of antidumping investigations were initiated in both 1992 and 1999, in an attempt to hinder iron and steel imports from Japan and provide protection to the domestic producers. The success was however recognized as limited, mainly due to the specific nature of the antidumping measure. Trade data shows the trade effects of antidumping investigations on targeted trade were far from negligible and there is reason to believe the investigations caused trade diversion and speculation, which in turn suggest the antidumping measure tends to seal off markets and is likely to increase uncertainty in world trade. (Less)
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author
publishing date
type
Book/Report
publication status
published
subject
keywords
Antidumping, steel, trade effects, trade diversion and speculation
pages
62 pages
publisher
Department of Economics, Lund Universtiy
language
English
LU publication?
no
id
c7f57bd1-24b5-47cd-a7e6-7e6df36c3408 (old id 2796103)
date added to LUP
2012-06-12 11:32:39
date last changed
2016-06-29 09:17:29
@techreport{c7f57bd1-24b5-47cd-a7e6-7e6df36c3408,
  abstract     = {Dumping is generally considered an unfair practice and through the Antidumping Agreement of the GATT many governments offer protection to domestic producers against dumped goods. In 1992 and 1998 large amounts of steel entered the U.S. at low prices, and large amounts of antidumping investigations were initiated in order to curb the surge of imports flooding the country. <br/><br>
The increase in steel imports in 1992 was related to the laps of the voluntary export restraints, while the increase in 1998 was a result of the collapse of the Asian markets in 1997. “The 1998 U.S. Steel Crisis” that followed the significant increase in steel imports caused domestic turmoil in the U.S., but there is reason to question if there really was a major crisis. Further, the U.S. steel sector has been receiving considerable amounts of protection during the last three decades and the difficulties it has been facing may well be due to inefficiency in the U.S. sector rather unfair trade practices in foreign markets.<br/><br>
Japanese iron and steel exports have traditionally been a major target of U.S. antidumping investigations. Significant amounts of antidumping investigations were initiated in both 1992 and 1999, in an attempt to hinder iron and steel imports from Japan and provide protection to the domestic producers. The success was however recognized as limited, mainly due to the specific nature of the antidumping measure. Trade data shows the trade effects of antidumping investigations on targeted trade were far from negligible and there is reason to believe the investigations caused trade diversion and speculation, which in turn suggest the antidumping measure tends to seal off markets and is likely to increase uncertainty in world trade.},
  author       = {Takeuchi Waldegren, Linn},
  institution  = {Department of Economics, Lund Universtiy},
  keyword      = {Antidumping,steel,trade effects,trade diversion and speculation},
  language     = {eng},
  pages        = {62},
  title        = {U.S. Antidumping against Japanese Steel},
  year         = {2002},
}