Bee On Trade

Trade Remedy


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Understanding Trade Remedies

What are trade remedies?

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.

What are the three most common types of trade remedies?

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.

What are some other trade remedy tactics?

  • Section 201 of the Trade Act of 1974: Currently applied to Solar Cells and Panels, and Washing Machines and Parts.
  • Section 232 of the 1962 Trade Expansion Act: Currently applied to Aluminum, Steel, and Derivatives.
  • Section 301 of the Trade Act of 1974: Currently applied to Products from China and Large Civil Aircraft from the EU.

How do trade remedies impact businesses and imports?

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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