Asked by Aerial Johnson on Jun 01, 2024
Verified
To prevent the sale of imported goods at less than fair value, an extra tariff-known as an antidumping duty-may be assessed on the imports.
Antidumping Duty
A tariff imposed by a government on foreign imports believed to be priced below fair market value to protect domestic industries.
- Understand the implications of dumping and antidumping duties in international trade.
Verified Answer
MB
Michael BeasleyJun 01, 2024
Final Answer :
True
Explanation :
Antidumping duties are tariffs imposed on foreign imports priced below the fair market value, to protect domestic industries from unfair competition and maintain fair trade practices.
Learning Objectives
- Understand the implications of dumping and antidumping duties in international trade.