Anti-dumping duty

Anti-dumping duty,

Definition of Anti-dumping duty:

  1. In order to protect their respective economy, many countries impose duties on products they believe are being dumped in their national market because these products have the potential to undercut local businesses and the local economy.

  2. An anti-dumping duty is a protectionist tariff that a domestic government imposes on foreign imports that it believes are priced below fair market value. Dumping is a process wherein a company exports a product at a price that is significantly lower than the price it normally charges in its home (or its domestic) market.

  3. A penalty imposed on suspiciously low-priced imports, to increase their price in the importing country and so protect local industry from unfair competition.

    Anti-dumping duties are assessed generally in an amount equal to the difference between the importing countrys FOB price of the goods and (at the time of their importation) the market value of similar goods in the exporting country or other countries. See also constructed value.

How to use Anti-dumping duty in a sentence?

  1. While the intention of anti-dumping duties is to save domestic jobs, these tariffs can also lead to higher prices for domestic consumers.
  2. The World Trade Organization (WTO)–an international organization that deals with the rules of trade between nations–also operates a set of international trade rules, including the international regulation of anti-dumping measures.
  3. In order to protect their respective economy, many countries impose duties on products they believe are being dumped in their national market; this is done with the rationale that these products have the potential to undercut local businesses and the local economy.
  4. In the U.S., the International Trade Commission (ITC)–an independent government agency–is tasked with imposing anti-dumping duties.
  5. In the long-term, anti-dumping duties can reduce the international competition of domestic companies producing similar goods.
  6. An anti-dumping duty is a protectionist tariff that a domestic government imposes on foreign imports that it believes are priced below fair market value.

Meaning of Anti-dumping duty & Anti-dumping duty Definition