Glossary
Anti-Dumping Duties
Tags: Glossary
Additional taxes or charges imposed on goods from foreign countries.
What are Anti-Dumping Duties?
Anti-dumping duties are import taxes or fees that a country may impose on products that are being imported at prices lower than the domestic market value or production costs. The purpose of anti-dumping duties is to protect domestic industries from unfair competition by foreign companies that are selling products at prices that are artificially low.
Dumping occurs when foreign companies export products to a country at a lower price than the price they charge in their domestic market. This can be done to gain a competitive advantage, but it can also harm domestic industries and lead to job losses.
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