Anti-dumping duty
The practice of putting high taxes on imports (= goods from other countries) in order to try to stop companies from other countries selling their products very cheaply in your country, which damages your country's businesses (Cambridge Dictionary).
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.
In order to protect their respective economy, many countries impose duties on products they believe are being dumped in their national market because these products have the potential to undercut local businesses and the local economy (Investopedia).
Cambridge Advanced Learner's Dictionary & Thesaurus. Retrieved January 26, 2024 from: https://dictionary.cambridge.org/dictionary/english/anti-dumping
Kenton, W. (October 06, 2020). Anti-Dumping Duty: What It Is, How It Works, Examples. Investopedia. Retrieved from: https://www.investopedia.com/terms/a/anti-dumping-duty.asp