“Recently, average tariff rates have decreased significantly as a result of increased WTO membership. We have, however, seen significant increases in the number of anti-dumping and countervailing duty cases filed by nations as they dispute the trade practices of others. The effects of these punitive tariffs are similar to those effects upon the economy when tariffs are used as a form of protectionism, but these punitive tariff rates are much higher and cause price levels of final goods to increase dramatically. Please watch this video and respond with your thoughts on the effects of anti-dumping and countervailing duties on productivity and economic growth. Consider the difference between sporadic and persistent dumping as well as how thoughtful pricing strategies may be used to avoid some of the negative economic effects upon firms when they take advantage of available government assistance.”
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