Sign In
Learn bits
I.R.
Pradeep Kumar

04/03/21 12:06 PM IST

US anti dumping tax on India

In news

The US Department of Commerce is preparing to tax aluminum sheet exporters from 18 countries including India

Findings of the investigation
  • The investigation, launched under Donald Trump's administration, had been requested by nearly a dozen US aluminum alloy manufacturers.
  • US administration determined that imports from Germany in particular ($287 million in 2019) benefited from dumping ranging from 40 to 242 percent.
  • Imports from India ($123 million in 2019) have benefited from subsidies for 35 to 89 percent, according to the US investigation.
Anti-Dumping Duty
  • Anti-dumping duty is a tariff imposed on imports manufactured in foreign countries that are priced below the fair market value of similar goods in the domestic market.
  • The government imposes anti-dumping duty on foreign imports when it believes that the goods are being “dumped” – through the low pricing – in the domestic market.
  • Anti-dumping duty is imposed to protect local businesses and markets from unfair competition by foreign imports.
Source: The Hindu

More Related Current Affairs View All

17 Sep

Reasons Behind the heavy rain in Uttarakhand, Himachal

'Dehradun and several other districts in Uttarakhand have experienced very heavy rainfall over the past few days, triggering landslides in multiple areas and causing rivers to swel

Read More

08 Sep

Rajasthan’s coaching centre Bill

'The Rajasthan Coaching Centres (Control and Regulation) Bill, 2025, is a significant piece of legislation passed by the Rajasthan Assembly to regulate and oversee the state's burg

Read More

28 Aug

IADT-1

'Recently, the Indian Space Research Organisation (ISRO) successfully carried out its first Integrated Air Drop Test (IADT-1), a crucial milestone in the preparation for the countr

Read More

India’s First Ai-Driven Magazine Generator

Generate Your Custom Current Affairs Magazine using our AI in just 3 steps