Ad Agreement Meaning

As a general rule, the WTO agreement allows governments to combat dumping „when it causes or seriously threatens the establishment of a domestic industry in the territory of a contracting party“. While anti-dumping duties are aimed at saving domestic jobs, these duties can also lead to higher prices for domestic consumers. And in the long run, anti-dumping duties can reduce international competition from domestic companies producing like products. Following a review, a year later, the United States announced that it would apply combined anti-dumping and countervailing duties on certain steel tariffs imported from China, totalling 522%. In 2018, China filed a complaint with the WTO challenging the tariffs imposed by the Trump administration. If a positive finding is based on injury suffered by a regional sector, the Agreement obliges the investigating authorities to limit customs duties to products dispatched for final consumption in the region concerned, to the extent that this is constitutionally possible. . . .