Anti-Dumping Duty

Anti-dumping duty is a tariff imposed by a country on imported goods that are sold at prices lower than their normal value, often below the cost of production or domestic prices. This measure aims to protect local industries from unfair competition by preventing predatory pricing practices by foreign exporters. By imposing such duties, governments ensure a level playing field, support domestic manufacturers, and prevent the destabilization of local markets due to dumped imports. Essentially, it acts as a safeguard to promote fair trading conditions.