[grotsnot]

IANAE but it sounds like when imports get cheaper, importers pocket as much of the the difference for as long as they can get away with it. When imports get more expensive, they pass on as much as they can to consumers as quickly as they can get away with it. Not terribly surprising for profit-driven behavior.

[gricardo99]

That sounds about right. Also, there's some cost to readjusting prices, so that probably introduces some price change hysteresis.