Problem
U.S. expands China paper anti-dumping tariff The U.S. Commerce Department has raised the tariff on glossy paper imports from China up to 99.65 percent, as a result of complaints by NewPage Corp. of Dayton, Ohio. Imports from China increased 166 percent from 2005 to 2006. This glossy paper is used in art books, high-end magazines, and textbooks
1. Explain who, in the United States, gains and who loses from this tariff on paper. How do you expect the prices of magazines and textbooks to change?
2. What is dumping? Who in the United States loses from China's dumping of glossy paper?
3. Explain what an anti-dumping tariff is. What argument might New Page Corp. have used to persuade the U.S. Commerce Department to impose a 99.65 percent tariff?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.