Anti-dumping duty
Anti-dumping duty is a tariff imposed on imports manufactured in foreign countries that are priced below the fair market value of similar goods in the domestic market. The government imposes anti-dumping duty on foreign imports when it believes that the goods are being “dumped” – through the low pricing – in the domestic market. Anti-dumping duty is imposed to protect local businesses and markets from unfair competition by foreign imports (Corporate Finance Institute).
Anti-dumping duties are taxes imposed on imported goods in order to compensate for the difference between their export price and their normal value, if dumping causes injury to producers of competing products in the importing country (European Commission).
An anti-dumping duty is a protectionist tariff that a domestic government imposes on foreign imports that it believes are priced below fair market value. Dumping is a process wherein a company exports a product at a price that is significantly lower than the price it normally charges in its home (or its domestic) market (Investopedia).
Anti-dumping duties are introduced to protect EU industry from the possible damage caused by the dumping of low-priced goods on the EU market (Revenue).
Anti-dumping duty. Corporate Finance Institute, Retrieved from: https://corporatefinanceinstitute.com/resources/economics/anti-dumping-duty/.
Anti-dumping duty. European Commission, Retrieved from: https://trade.ec.europa.eu/access-to-markets/en/glossary/anti-dumping-duty#:~:text=Anti%2Ddumping%20duties%20are%20taxes,products%20in%20the%20importing%20country.
Anti-Dumping Duty: What It Is, How It Works, Examples. Investopedia, Retrieved from: https://www.investopedia.com/terms/a/anti-dumping-duty.asp
Anti-Dumping (ADD) and Countervailing (CD) Duty. Revenue, Retrieved from: https://www.revenue.ie/en/customs/businesses/importing-exporting/anti-dumping-countervailing-duty/index.aspx