The president of Car Parts Kings, Inc. just testified before Congress. He urged them to limit the flow of imported automobile parts into the country. He stated that these imports were priced lower than foreign producers were charging for them in their own countries. He believes foreign producers are

carrying out dumping practices.

Explanation:

In foreign trade, dumping happens when a firm from country A, sells its products to customers in country B at a lower price than the one they charge in their home country (country A). Dumping practices per see are not illegal, the World Trade Organization considers them illegal only if they negatively affect the domestic producers of country B. US legislation prohibits dumping practices if they affect American industries and will generally impose anti-dumping tariffs on import companies that carry on dumping practices.

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