The U.S. seems to be fighting an uphill battle with the World Trade Organization or the (WTO). This article found on the U.S. Department of the State website, discusses the issue of the dumping of foreign goods into the U.S. economy. According to the article the U.S. is continuing its fight to stop foreign countries from dumping their goods into the somewhat fragile American economy. All of this inspite of the WTO'S efforts to bring world trade.
Since 2000 when the Byrd amendment was passed the U.S. has continued to put high tariffs on dumpers and continued to subsidies those companies of whom were considered to be dumped upon. The Byrd amendment is a direct violation of the WTO code therefore U.S. is now going head to head with the WTO trying desperately to do what it feels is best for the American Worker.
I feel this is a big mistake on the part of the U.S. Any good economist can see that the dumping is only making the market more competitive, which is actually better for the consumer. The economic principle which best suits this is that of comparative advantage. I feel that the U.S. is doing its people a great injustice by not allowing these type of opportunities to enter into the U. S. Market place. Sure in the short run our economy will suffer; however, in the long run we will be able to capitalize on our neighbors advantages. Fighting the WTO will only delay the recovery of our economy. Thus it is very important the we open up the avenues of free trade and continue to support it, our very lively hood could depend on it!!