What is a trade remedy?

Trade remedies refer to a collection of domestic measures available to national governments who find themselves on the receiving end of abusive or anti-competitive trade practices. The remedies are typically instituted in response to one of three possible trade abuses: dumping, the export of heavily subsidized goods, and the export of goods in such quantities that it endangers a domestic industry.

What are trade remedy laws?

Trade remedy laws are domestic or international laws and rules that seek to prevent abusive trade practices. For example, Title VII of the Tariff Act of 1930 in the United States contains an Anti-Dumping law and a Countervailing Duty law, both designed to retaliate against trade practices that might be injurious to American industry. Most other nations possess similar domestic legislation.