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I'm not even convinced that dumping is all that big of a deal. If someone wants to sell things to me at below cost, and I need these things, I don't see the downside. Sure, some people end up being having to take vacations until the "dumping" stops, but they should be able to come right back in after the prices return to "normal", and the net result is that the US companies have never had to sell product at a loss, so can now undercut the companies who were "dumping". Remember, by definition, you cannot "dump" forever, and at some point, you will have to recoup your losses.
Seriously, if the Japanese people want to pay for a part of the structural steel that goes into my new home, why should my government tell them they cannot?
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