These buffers have stood the sector in good stead through the turbulence of the last 18 months. More importantly, the sector kept the lights on in the wider economy through the pandemic, supporting lives and livelihoods. Banks were also a key channel for support including from governments particularly for Micro, Small and Medium Enterprises (MSMEs), keeping them afloat in the tempest.
Contrary to popular notions about antidumping suits, under U.S. and WTO law, it is not required to show evidence of predatory behavior, or intention to monopolize, or of any other intentional efforts to drive competitors out of business. In the end it is clear that all economic progress rests on competition.