Candles are one industry in which U.S. producers dominate their home market. The National Candle Association estimates the U.S. market is about $2 billion, with imports accounting for 20% or less of that. Imports have been low since 2004, when “the anti-dumping duties came into play,” said the association’s president, Frederic Contino. That’s when duties for Chinese-made candles entering the U.S. more than doubled to the current 108.3%.Someone has been taking Bastiat far too seriously!
Saturday, 7 May 2011
The modern day candlemakers’ story
This is from Tyler Cowen at Marginal Revolution,