What does anti-dumping duty mean?

anti-dumping duty meaning in Business Dictionary

A penalty imposed on suspiciously low-priced imports, to increase their particular cost within the importing country so protect neighborhood industry from unjust competition. Anti-dumping obligations are examined generally in a quantity equal to the difference between the importing country's FOB price of the products and (at the time of their particular importation) the market worth of similar goods within the exporting nation or other countries. See in addition built value.

anti-dumping duty meaning in General Dictionary

a tariff imposed to stop dumping