Trade Remedies

Trade remedies are measures a country implements to protect its domestic industries from unfair trade practices like dumping, subsidies, or import surges. These measures include antidumping duties, countervailing duties, and safeguard measures.

Antidumping duties counteract the negative effects of goods sold at unfairly low prices. For example, a country might impose a tariff on imported steel sold below market value.

Countervailing duties address the impact of foreign subsidies. A country may levy additional charges on imported agricultural products subsidized by the exporting country.

Safeguard measures protect industries from sudden surges in imports. For instance, a government might restrict the quantity of imported textiles to support local manufacturers.