id to be dumping a product when it exports the product at a price lower than the price the same product is charged for in the home market. Dumping presents a problem for the importing country because domestic businesses have to compete with foreign competition that sells its products at an artificially low price. Dumping is widely considered as an unfair business practice. To address dumping, countries sometimes utilize countervailing duties, which attempt to place a duty on an artificially low-priced good to bring its price up to the market rate (Globalization 101, 2004).
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