What does Anti-Dumping Duties Mean?
Anti-dumping duties are extra taxes imposed by the U.S. CBP on imported goods that are sold below their “fair market value” (dumping). The goal with anti-dumping duties is to protect local industries in the United States, such as steel production and auto manufacturing.
What does Dumping Mean?
Dumping occurs when a foreign producer sells a product in the United States at a price that is below that producer’s sales price in the country of origin (“home market”), or at a price that is lower than the cost of production. The difference between the price (or cost) in the foreign market and the price in the U.S. market is called the dumping margin. Unless the conduct falls within the legal definition of dumping as specified in U.S. law, a foreign producer selling imports at prices below those of American products is not necessarily dumping.
Will my Product be Affected by Anti-Dumping Duties?
The U.S. Department of Commerce and the U.S. International Trade Commission oversee anti-dumping duties and publish a list of products affected aquí. You can also contact us for a consultation on your product.