trigger price mechanism
(U.S.) System for monitoring imported goods (particularly steel) to identify imports that are possibly being “dumped” in the United States or subsidized by the governments of exporting countries. The minimum price under this system is based on the estimated landed cost at a U.S. port of entry of the product produced by the world’s most efficient producers.
Imported products entering the United States below that price may “trigger” formal anti-dumping investigations by the Department of Commerce and the U.S. International Trade Commission. The TPM was first used to protect the U.S. steel industry and was in effect between early 1978 and March 1980. It was reinstated in October 1980 and suspended for all products except for stainless steel wire in January 1982. See dumping.