Definition

Noun: A tariff or tax imposed by a government on imported goods that are being sold at a price below their fair market value (often below the cost of production in the exporting country). Its primary purpose is to protect domestic industries from unfair foreign competition by making the "dumped" goods more expensive in the domestic market.

Usage

This term is used in the context of international trade, economics, and government policy. It refers to a specific legal and financial measure. - The duty is applied after an investigation confirms that dumping is occurring and is causing injury to the domestic industry. - It is a remedial measure sanctioned by international trade agreements, such as those under the World Trade Organization (WTO).

Examples

• The government imposed a 25% anti-dumping duty on steel imports from that country to protect local manufacturers.
• Following the investigation, the commission recommended the application of an anti-dumping duty on the subsidized chemical products.
• Companies can file a petition requesting the imposition of an anti-dumping duty if they believe they are being harmed by dumped imports.

Advanced Usage

• "To levy/impose an anti-dumping duty": The standard phrasing for when a government applies this tariff.
  • The trade ministry decided to levy an anti-dumping duty on imported ceramics.
• "To be subject to anti-dumping duties": Describes goods that have this tariff applied to them.
  • Those goods are now subject to anti-dumping duties, making them less competitive.

Variants and Related Words

• Dumping (n): The act of exporting a product at a price lower than the price it normally charges in its own home market or below its cost of production.
• Countervailing duty (n): A tariff levied on imported goods to offset subsidies provided to producers or exporters in the exporting country. (Often discussed alongside anti-dumping duties.)
• Trade remedy (n): A general term for measures like anti-dumping duties, countervailing duties, and safeguards.

Synonyms

• Anti-dumping tariff
• Dumping duty (less common, context-specific)

Related Phrases

• Anti-dumping investigation: The official process to determine if dumping has occurred and if duties are warranted.
• Dumping margin: The difference between the export price and the normal value (fair market price) in the exporter's domestic market. The duty is often based on this margin.

Noun

1. a tariff imposed to prevent dumping