Anti-dumping and Countervailing Duties

Anti-dumping and countervailing duties are tools used by governments to protect domestic industries. Anti-dumping duties are tariffs imposed when foreign companies sell goods in a country at unfairly low prices, preventing harm to local producers. Countervailing duties are tariffs added when foreign governments provide subsidies or financial support to their exporters, giving them an unfair advantage. Both measures aim to ensure fair competition by offsetting these unfair trade practices, helping domestic companies compete on level playing fields.