This document discusses dumping, which is price discrimination between markets where a product is sold at a lower price in the importing country than in the exporting country. It outlines reasons for dumping like price discrimination and surplus stock. The objectives of dumping include disposing excess stock and driving out competitors. Forms include sporadic, predatory, and persistent dumping. Dumping affects importing countries through cheap goods but reduced domestic production, and exporting countries through increased exports but reduced domestic trade. Management includes price undertakings and antidumping measures like tariffs and quotas. Recent news examples impose duties on steel, paper, and tire imports.