Canada has recently imposed antidumping duties of up to 43 percent on hot-rolled steel imports from France, Russia, Slovakia, and Romania. The allegation is that these countries were dumping steel into the Canadian market.
a. Who benefits from such alleged dumping? Who is harmed?
b. Who benefits from the imposition of the antidumping duties? Who is harmed?
c. Is Canada as a whole made better off by the imposition of the duties? Explain.