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Do you have any contemporary examples of this happening? Seems like something that would be really easy to take advantage of by buying the material sold cheap

by pitaj 5y ago

Do you have any contemporary examples of this happening? Seems like something that would be really easy to take advantage of by buying the material sold cheap and selling it later at a profit.

shagie 5y ago
There are numerous allegations from different countries claiming that another country is dumping some product on the market. The one I can find most recently is: https://www.bloomberg.com/news/articles/2021-06-24/china-sues-australia-over-some-anti-dumping-measures-at-wto-kqaky8bq https://www.bloomberg.com/news/articles/2021-06-24/china-sue... > China filed a lawsuit at the World Trade Organization over Australian anti-dumping and anti-subsidy measures on Chinese exports of railway wheels, wind towers and stainless steel sinks, the Ministry of Commerce said Thursday in Beijing. This would be the third recent WTO case between the two countries, after Australia sued over Chinese tariffs on wine and barley. Prior to that (three weeks ago), it was China dumping steel alleged by Japan.
aardvarkr 5y ago
Here’s one - China flooded the global market with cheap solar panels that undercut everyone else in an effort funded by the govt. It made building massive solar projects cheaper but it decimated the domestic solar production around the globe because they couldn’t compete.
- rmah 5y ago
  Except... that's just the first part. Where's the second part where they "do whatever they want" (I assume this meant raise prices)? Even after winning, they haven't done this. Why?
  - dmwallin 5y ago
    The goals of a nation-state are not the same as those of a corporation. Having a monopoly on a strategically important industry is valuable in and of itself, especially when viewed from a geopolitical perspective. Just look at what's currently going on in semiconductors.
  - redis_mlc 5y ago
    In mfg., every time you double production, average cost goes down 20%. So if you're playing the long game, you corner the market on production, then raise prices later. BRI is a variation on that: use excess steel and cement in other countries, and give them loans to pay for it.
magicalhippo 5y ago
I know EU deals with anti-dumping[1]. As of 2019 there were anti-dumping measures for 67 products from 10 countries as mentioned in the annex of the annual TDI report[2]. In section 3.1.4 of the annex, they go into some detail regarding a dumping claim on electric bicycles from China. [1]: https://ec.europa.eu/trade/policy/accessing-markets/trade-defence/actions-against-imports-into-the-eu/anti-dumping/ https://ec.europa.eu/trade/policy/accessing-markets/trade-de... [2]: https://trade.ec.europa.eu/doclib/html/157811.htm https://trade.ec.europa.eu/doclib/html/157811.htm
briffle 5y ago
China did this with Rare Earth Minerals, and put most other mines out of business: https://www.energy.gov/sites/prod/files/2020/04/f73/Critical%20Materials%20Supply%20Chain%20White%20Paper%20April%202020.pdf https://www.energy.gov/sites/prod/files/2020/04/f73/Critical...

by pitaj 5y ago

Do you have any contemporary examples of this happening? Seems like something that would be really easy to take advantage of by buying the material sold cheap and selling it later at a profit.

shagie 5y ago

There are numerous allegations from different countries claiming that another country is dumping some product on the market. The one I can find most recently is: https://www.bloomberg.com/news/articles/2021-06-24/china-sues-australia-over-some-anti-dumping-measures-at-wto-kqaky8bq https://www.bloomberg.com/news/articles/2021-06-24/china-sue... > China filed a lawsuit at the World Trade Organization over Australian anti-dumping and anti-subsidy measures on Chinese exports of railway wheels, wind towers and stainless steel sinks, the Ministry of Commerce said Thursday in Beijing. This would be the third recent WTO case between the two countries, after Australia sued over Chinese tariffs on wine and barley. Prior to that (three weeks ago), it was China dumping steel alleged by Japan.

aardvarkr 5y ago

Here’s one - China flooded the global market with cheap solar panels that undercut everyone else in an effort funded by the govt. It made building massive solar projects cheaper but it decimated the domestic solar production around the globe because they couldn’t compete.

rmah 5y ago
Except... that's just the first part. Where's the second part where they "do whatever they want" (I assume this meant raise prices)? Even after winning, they haven't done this. Why?
- dmwallin 5y ago
  The goals of a nation-state are not the same as those of a corporation. Having a monopoly on a strategically important industry is valuable in and of itself, especially when viewed from a geopolitical perspective. Just look at what's currently going on in semiconductors.
- redis_mlc 5y ago
  In mfg., every time you double production, average cost goes down 20%. So if you're playing the long game, you corner the market on production, then raise prices later. BRI is a variation on that: use excess steel and cement in other countries, and give them loans to pay for it.

magicalhippo 5y ago

I know EU deals with anti-dumping[1]. As of 2019 there were anti-dumping measures for 67 products from 10 countries as mentioned in the annex of the annual TDI report[2]. In section 3.1.4 of the annex, they go into some detail regarding a dumping claim on electric bicycles from China. [1]: https://ec.europa.eu/trade/policy/accessing-markets/trade-defence/actions-against-imports-into-the-eu/anti-dumping/ https://ec.europa.eu/trade/policy/accessing-markets/trade-de... [2]: https://trade.ec.europa.eu/doclib/html/157811.htm https://trade.ec.europa.eu/doclib/html/157811.htm

briffle 5y ago

China did this with Rare Earth Minerals, and put most other mines out of business: https://www.energy.gov/sites/prod/files/2020/04/f73/Critical%20Materials%20Supply%20Chain%20White%20Paper%20April%202020.pdf https://www.energy.gov/sites/prod/files/2020/04/f73/Critical...