Antidumping and Countervailing Duties

09/03/2024 02:25 - 11 Views

By: United States Government Accountability Office (GAO) 

 

Time: 12/2022

 

The United States and many of its trading partners have enacted laws to remedy the unfair trade practices of other countries and foreign companies that cause or threaten to cause material injury to domestic producers and workers. U.S. laws authorize the imposition of duties on certain imports that are dumped (i.e., sold at less than fair market value) and countervailing (offsetting) duties on certain imports subsidized by foreign governments. These duties are among the most commonly applied U.S. trade remedies. In fiscal year 2021, $30.2 billion of imported goods were subject to AD/CV duties. As of March 2022, the United States had 657 active AD/CVD orders, affecting imports from 59 countries. 

 

Some contend that domestic companies may sometimes file petitions without merit to obstruct domestic market competition. Others assert that such duties could have adverse effects on other economic sectors, such as increased costs for downstream purchasers. GAO was asked to review AD/CVD processes and domestic market competition considerations. This report details the processes U.S. agencies have in place to conduct AD/CVD proceedings and ensure the accuracy and completeness of AD/CVD petitions and related information. This report also examines how aspects of market competition factor into the AD/CVD process.

 

GAO reviewed agency guidance and policy documents. Additionally, GAO reviewed relevant legal documents and related sources and interviewed agency officials. GAO also analyzed data on AD/CVD case outcomes from fiscal years 2011 through 2021. 

 

The Report is attached below: 

 

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