Imposing tariffs in cases of dumping
A)is allowed under the WTO agreement.
B)is not allowed under the WTO agreement.
C)is not addressed by the WTO agreement.
D)has never occurred, even though it is allowed under the WTO agreement.

Question

Quizplus · Accepted Answer

The WTO agreement allows countries to impose tariffs on imported goods in cases of dumping, which is the practice of selling goods in a foreign market at a lower price than in the domestic market or below the cost of production. This is considered an unfair trade practice and is addressed by the WTO's Anti-Dumping Agreement. However, the WTO does require that any tariffs imposed on the basis of dumping must follow certain procedures and be justified by evidence of harm to the domestic industry.

Imposing Tariffs in Cases of Dumping