AD/CVD (Anti-Dumping/Countervailing Duties)

AD/CVD (Anti-Dumping/Countervailing Duties) are import taxes imposed by a country to protect its domestic industries. AD duties are added when foreign companies sell products below market value, which can unfairly harm local businesses. CVDs are applied when foreign governments provide subsidies that give their exporters an unfair advantage. These tariffs aim to level the playing field, ensuring fair competition and preventing damage to local industries caused by unfair pricing or government support. Essentially, AD/CVD measures help maintain fair trade practices and protect domestic jobs and markets.