Then rationally no one would do it, right? And U.S border protection wouldn't need to enforce anti-dumping tariffs. I think you're accounting only for first-o

Then rationally no one would do it, right? And U.S border protection wouldn't need to enforce anti-dumping tariffs. I think you're accounting only for first-order effects and ignoring costs to reboot industries that have been shut down. EDIT: To clarify, I think your position is logically consistent and my guess is that you'd explain WTO actions / anti dumping enforcement as regulatory capture and protectionism.