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Bill Shorten announced this week that a Labor government would triple penalties for dumping cheap overseas products in the Australian market. Tony McDonough/AAP

Shorten’s plan to triple anti-dumping penalties misunderstands the law

Bill Shorten has proposed tripling penalties for dumping cheap overseas products like steel into the Australian market. But this proposal suggests a failure to understand dumping and its regulation.
Australia should be careful in accusing China of dumping steel into the local market, as the definitions of dumping and the tariffs on this practise have changed to suit governments in the past. Linfeng/EPA

Whether China is dumping steel in Australia under the ‘market economy’ label is very subjective

Governments have been known to change the definition of anti-dumping tariffs to suit their needs, so accusations of steel dumping from China are still quite subjective.

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