Trade Remedy
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Trade remedies are government strategies aimed at making it more difficult for businesses to import goods. These strategies involve the imposition of additional tariffs, quotas, import bans, and other measures to address unfair trade practices.
Dumping: This occurs when products are sold at unreasonably low prices in export markets compared to domestic markets.
Countervailing Measures: These measures are taken when a country's government provides subsidies and incentives, leading to the unfair pricing of goods in export markets.
Safeguards: Safeguards involve temporarily prohibiting the import of a good when it harms or threatens the import market.
Trade remedies can have significant effects on businesses and imports by increasing costs, limiting access to certain markets, and addressing unfair competition practices.
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