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In effect, anti-dumping measures encourage domestic and foreign producers to collude to raise prices.
ECONOMIST: Unfair protection
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Patrick Messerlin, an economist at the Institut d'Etudes Politiques in Paris, estimates that, because of this pro-cartel effect, anti-dumping duties are generally twice as costly to the economy as equivalent import tariffs.
ECONOMIST: Unfair protection
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The dumping, they said, was having a detrimental effect on the ability of EU manufacturers to stay above water.
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