_____ are specific duties representing a special tariff which is imposed for punishing foreign firms for engaging in dumping and these tend to be fairly substantial and stay in place for up to five years.

Question

Quizplus · Accepted Answer

Countervailing duties are imposed on foreign firms when they are found to be engaging in dumping, which is when they sell their products in the importing country at a lower price than they sell them in their home market. These duties are designed to counteract the anti-competitive effects of such practices, and they can be quite substantial, staying in place for up to five years.

_____ Are Specific Duties Representing a Special Tariff Which Is