Antidumping

/ˌæntiˈdʌmpɪŋ/ adjective

Definition

Relating to regulations or tariffs designed to prevent foreign companies from selling products below cost to drive out local competitors.

Etymology

From anti- (against) + dumping (unfair trading practice of selling below cost). Modern trade terminology from 20th-century commerce.

Kelly Says

Antidumping laws protect workers—when China sold steel below cost, American mills closed and workers lost jobs, so these laws say 'unfair pricing isn't allowed.'

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