TeachMeFinance.com - explain Antidumping duty
Antidumping duty The term 'Antidumping duty ' as it applies to the area of agriculture can be defined as ' A duty or levy imposed under authority of Title VII of the U.S. Tariff Act of 1930. Title VII states that if the U.S. Department of Commerce determines that an imported product is being sold at less than its fair value, and if the International Trade Commission determines that a U.S. producer is thereby being injured, the Commerce Department shall apply antidumping duties equivalent to the dumping margin'.
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