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On August 23, 1990, the U.S. International Trade Commission determined that the American cement industry was being materially injured by imports of gray portland cement and cement clinker (a concrete intermediary) from Mexico that were being sold at less than fair value. One week later, the U.S. Department of Commerce ordered antidumping duties effective on imports of gray portland cement and cement clinker from Mexico (Cook, 1995; USITC, 2000; Cement Americas Staff, 2006)...
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One week later, the U.S. Department of Commerce ordered antidumping duties effective on imports of gray portland cement and cement clinker from Mexico (Cook, 1995; USITC, 2000; Cement Americas Staff, 2006).
Following its investigation, the U.S. Department of Commerce concluded that Mexican cement products imported to the United States were being dumped at margins ranging from 3...
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General points of the essay
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Explain why the theory of comparative advantage is the basis for international trade (mutual benefit from trade).
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