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 ?
Punitive duties were imposed on Chinese producers for an initial period of five years following a lengthy investigation.
These unfair and punitive duties will negatively affect peoples jobs on both sides of the border and will, ultimately, increase costs for American families who want to build or renovate homes.
As a counter-measure, they are allowed by the World Trade Organization (WTO) to impose punitive duties.
China's complaint to the WTO was filed just days after Washington lodged a similar complaint against China, accusing it of unfairly continuing punitive duties on U.
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 European Commission's anti-dumping advisory committee agreed, on 22 October, to impose definitive punitive duties against imports of both Argentine and Indonesian biofuels, sources have confirmed.
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.