August11: I read the article. Now I know how my students feel when I make them read Euripides.

Any clarification from you smart farkers would be greatly appreciated.

TFerWannaBe: August11: I read the article. Now I know how my students feel when I make them read Euripides.

Any clarification from you smart farkers would be greatly appreciated.

From a little research and my own reasoning, I think in this context "dumping" is when a country unloads product at a discount, like if China were to "dump" discounted plastic brooms at Wal-Marts across the US at $.05 per instead of the $.10 market rate. Anti-dumping measures are established by the importing country to prevent another country from undercutting local businesses. In the US we make distinctions between "market economies" and "non-market economies" which I suspect has to do with whether pricing in the economy comes from market forces or is set top-down by a government.

So basically we said that since Russia is allowing the free market to determine the prices of their goods, and instead is setting prices artificially low in order to sell quickly or undercut competitors unfairly, we're going to make it more difficult to sell here.

But that's just my guess.

Zombie DJ: Met an old couple at the airport yesterday and he says, "The reason Putin attacked was he saw how weak Biden is"
I asked, "How is he weak?"
He says, "Well you know"
I said, "No, I don't"
He said, "Well , the economy and such"
I told him I was off to Serbia where a friend of mine is paying almost $9 a liter. America isn't even in the top 10 for gas price gouging"
He says, "We look weak in the world market"
I asked, "How?"
He stopped talking to me after that. These people are dumb as snot and you can see the sparks flying as they try to figure out how to counter facts.

Mindlock: TFerWannaBe: TFerWannaBe: August11: I read the article. Now I know how my students feel when I make them read Euripides.

Any clarification from you smart farkers would be greatly appreciated.

From a little research and my own reasoning, I think in this context "dumping" is when a country unloads product at a discount, like if China were to "dump" discounted plastic brooms at Wal-Marts across the US at $.05 per instead of the $.10 market rate. Anti-dumping measures are established by the importing country to prevent another country from undercutting local businesses. In the US we make distinctions between "market economies" and "non-market economies" which I suspect has to do with whether pricing in the economy comes from market forces or is set top-down by a government.

So basically we said that since Russia is allowing the free market to determine the prices of their goods, and instead is setting prices artificially low in order to sell quickly or undercut competitors unfairly, we're going to make it more difficult to sell here.

But that's just my guess.

*isn't allowing. I need to hire an editor . . .

The Commerce Department finding goes a little further than that.  They're saying that the Russian government is deliberately distorting the market by actively guiding what would normally be market decisions.  That is to say, they're telling companies what to produce, where to market, and how to invest, as well as setting prices.  So it goes beyond just dumping.  The Russian government is turning market actors into agents of the government to presumably further government goals.

In response, the Commerce Department will look at evaluative criteria developed from similar markets that produce similar goods to determine appropriate compensatory duties to appropriately price Russian goods in American markets.

Mindlock: No, this isn't any actual action, it's just changing the guidelines that the Commerce Department uses when pursuing action against the Russian government.

Let's say that Commerce accuses Russia of dumping steel in the US market.  Before this, and bear in mind these figures are WAGs, the Commerce department would apply an additional 150% duty to adjust for the distorting effects of dumping.  Now, because Commerce judges the dumping actions to be backed by the Russian government, there will be a 200% duty assessed to adjust for the price-distorting effects.

Colloquially stated, this isn't the start of an avalanche, this is just adding snow on a bank that may collapse.  It affects future actions undertaken by Commerce against Russian imports when anti-dumping is occurring.

So will it change Russia's actions?  No.  This isn't some earth-shaking change to American policy but just another gear turning in a vast machine.  It adds pressure to existing actions against Russia though.