Question

Shrimpers in South Louisiana have accused China of selling shrimp in the United States at a lower price than U.S. suppliers. The goal of the Chinese, they argue, is to drive down the price of U.S. shrimp. The U.S. shrimpers are accusing the Chinese of:

Answer 1

Answer:

Dumping

Explanation:

Dumping is a price injurious practice in international trade whereby a company or country exports a product to another country at a price lower than the price of the product in that foreign importing country. This is aimed at frustrating and pushing local manufacturers out of business. However, a country can protect its local producers by restricting the importation of such goods or imposing high import tariffs on such goods that will make the dumping practices unsustainable for the exporting country or company.