Trade Remedies

Trade remedies are measures a country can use to protect its domestic industries from unfair competition or harmful trade practices, such as dumping (selling products at a lower price than in the home market) and subsidies (government support that allows foreign companies to undercut local prices). Common trade remedies include tariffs (taxes on imported goods) and quotas (limits on the quantity of imports). These tools aim to ensure fair competition and safeguard jobs, while also ensuring that international trade rules are followed. They help balance the interests of domestic producers and consumers in the global market.