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

Anti-Dumping Duty,

What is The Definition of Anti-Dumping Duty?

  • Will Canton specializes in investment and business legislation and regulation. Prior to that, he was a senior author at Investopedia and Kapitall Wire, and earned an MA and PhD in Economics from the New School for Social Research. Doctor of Philosophy of English Literature from NYU.

    • Anti-dumping duties are protectionist rights imposed by national governments on aggregate imports that are thought to be less than fair market value.
    • To protect their respective economies, many countries impose tariffs on products they think are dumped in their domestic markets.
    • Although the anti-dumping duty is designed to protect domestic jobs, it can also lead to higher tariffs for domestic consumers.
    • In the long run, anti-dumping duties could reduce international competition for domestic companies selling similar products.
    • In the United States, the International Trade Commission (ITC) is an independent government agency responsible for enforcing anti-dumping duties.
    • The World Trade Organization (WTO), an international body that deals with the rules of trade between countries, also regulates a number of international trade laws, including international regulations on anti-dumping measures.

Literal Meanings of Anti-Dumping Duty

Anti:

Meanings of Anti:
  1. Fight against.

  2. Someone who opposes a particular policy, activity or idea.

  3. Antiparticles of certain particles.

Sentences of Anti
  1. Opposition City Council

  2. The threat of anesthesia is very serious for field sports.

  3. Anti-aircraft

  4. Anti-proton

Dumping:

Meanings of Dumping:
  1. Basically for protection against damage, copy to another location (stored data).

Synonyms of Dumping

discard, get rid of, ditch, cast aside, bin, cast out, junk, get shot of, throw out, scrap, dispose of, trash, get shut of, toss out, jettison, fling out, throw away

Duty:

Meanings of Duty:
  1. Measure engine performance in units of work performed per unit of fuel.

Synonyms of Duty

obligation, respect, charge, obedience, fealty, homage, function, job, office, loyalty, pigeon, allegiance, responsibility, part, commitment, role, work, concern, deference, faithfulness, requirement, mission, place, commission, fidelity, assignment