Describe the concept of dumping as a trade barrier.

Describe the concept of dumping as a trade barrier.

Dumping is a trade barrier that occurs when a country exports goods to another country at a price lower than their production cost or the price in the domestic market. This practice is often used to gain a competitive advantage and capture a larger market share in the importing country. Dumping can harm domestic industries by undercutting their prices and making it difficult for them to compete. It can also lead to job losses and reduced profitability in the affected industries. To address this issue, countries may impose anti-dumping duties or take other measures to protect their domestic industries from unfair competition.