Antidumping Duty

An antidumping duty is a special tariff imposed by a country on foreign imports that are priced below fair market value. This occurs when a product is sold at a lower price in the importing country than in its home market, potentially harming local businesses. The duty aims to protect domestic industries from unfair competition and to level the playing field. By raising the price of these imported goods, antidumping duties encourage consumers to buy locally produced products, supporting domestic jobs and the economy.