Anti-Dumping Duty
Category: trade
Additional duty imposed when goods are sold below normal value in the importing country.
Anti-dumping duties are additional tariffs imposed on imported goods that are sold at a price below their normal value (often below the cost of production in the home market). These duties protect domestic industries from unfairly priced imports. The US, EU, and other countries impose anti-dumping duties on specific products from specific countries after investigation by trade authorities.
Examples
- • The US imposes anti-dumping duties on Chinese solar panels of up to 254% in addition to normal tariffs and Section 301 duties.
- • The EU has anti-dumping duties on certain Chinese steel products, with rates varying by specific product and manufacturer.
- • Sellers importing products subject to anti-dumping duties must factor these additional costs (which can exceed 100%) into their pricing.