May 6, 11 •
166 Views •
Businesses, Demand, Supply, and Markets, Developing Economies, Economic Debates, Government, International Trade and Finance, Labor •
Elaine Schwartz •
Our story begins with one 1986 tax, an “antidumping duty,” on Chinese candles. Responding to very low Chinese candle prices, the U.S. decided to protect domestic candle producers. By 2004, the tax was huge. More than 100%. Also, candle
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