What Are the Differences Between Antidumping and Countervailing Duties? Under

question 62

Essay

What are the differences between antidumping and countervailing duties? Under what conditions are these duties imposed?

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Definitions:

Price Support Programs

Government interventions to maintain the market price of a commodity or product above its equilibrium level to benefit the producers.

Agricultural Products

Agricultural products are commodities produced through farming and agriculture, such as crops, livestock, and other raw goods.

Shortages

A market situation in which the demand for a product exceeds its supply at a particular price.

Farm Price-Support Programs

Government initiatives designed to stabilize or increase prices of agricultural products by buying excess supply, providing subsidies, or setting minimum prices.