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Dumping is the practice of selling a product at a lower price in the foreign market than a company sells it in the home market

"Dumping" is the practice of selling a product at a lower price in the foreign market than a company sells it in the home market or selling the product at a price below the cost of production in a foreign market. For example, Chinese steel producers have often been accused of dumping steel in the United States.

1. Would a tariff on steel imported from China help U.S. consumers and U.S. producers of steel? Please explain.

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