Antidumping Act of 1974

(U.S. law) Legislation designed to prevent the sales of goods at a lower price than exists in the goods’ country or origin. The U.S. Treasury Department determines whether imported products are being sold at a “less than fair value” in the United States. Should it be determined that the domestic industry is harmed by the imports, extra duties can be imposed. See countervailing duties; dumping.

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