Antidumping Duty

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Antidumping Duty

In international commerce, a tariff placed on an import that is unusually low-priced. Dumping is the act of exporting a good to a foreign country to capitalize on the price difference. Dumping can result in a handsome profit for the exporter, but it can also damage the importing country's local economy. Thus, many countries attempt to counteract the practice by implementing anti-dumping duties.
References in periodicals archive ?
But when the EU slapped punitive duties on Argentine biodiesel exports, accusing the country of "dumping" at unfairly low prices, Argentina was forced to seek alternative markets.
The World Trade Organization has ruled the United States was wrong to impose punitive duties on a wide range of Chinese goods, in a decision that could have long-term impacts, Voice of America reported.
With Chinese companies such as Yingli Energy (China) , Wuxi Suntech Power and Changzhou Trina Solar Energy controlling 80 per cent of the EU solar-panel market, China's government threatened to retaliate by imposing punitive duties of its own on imports from Europe of polysilicon -- a material used in solar panels.
The Commission previously said that in light of the anti-dumping accord, it would not impose punitive duties in the anti-subsidy case but that it would continue the probe through to a solution.
The EU's proposed levying of punitive duties on Chinese solar panels would severely impair bilateral trade ties, Ministry of Commerce spokesman Shen Danyang warned on May 16, adding that "China's preference to use dialogue and negotiations to resolve the frictions has not changed.
Chinese Premier Li Keqiang has strongly opposed the European Union's (EU) anti-dumping and anti-subsidy investigations and punitive duties against Chinese companies making photovoltaic products and mobile telecommunications equipment.
10, 2012 (CENS)--Taiwanese solar cell makers are likely to see influx of orders shifted from Europe in the short term, for EU Commission has launched antidumping investigations on Chinese photovoltaic product suppliers in the EU bloc, and considers imposing punitive duties of over 30% on imports from China.
In regard to trade disputes, many sober minds have pointed out that the punitive duties the United States has repeatedly slapped on Chinese goods are harmful not only to Chinese industries but to the recovering U.
The automaker is taking this step after regulators in the country stated that they will impose punitive duties on some vehicles imported from the United States.
But the talks where also marred by China slapping punitive duties on large cars and SUVs imported from the United States in the latest in a tit-for-tat trade spat between the two.
The United States said in its Federal Register it had dropped punitive duties on a list of EU goods - from truffles to chocolates and cheese - that had been subject to sanctions in retaliation for the EU refusal to import hormone-treated beef.
The actual duty rate on this type of yarn is 9 percent, which is double the so-called punitive duties on PSF.