What are trade remedy laws?

Trade remedy laws are regulations that countries implement to protect their domestic industries from unfair competition, such as dumping or subsidized imports. These laws allow governments to impose tariffs or other measures on imported goods that are sold at unfairly low prices or are subsidized by foreign governments. The primary objectives are to level the playing field for local producers and to prevent market distortions that can harm the economy. Common types of trade remedies include anti-dumping duties, countervailing duties, and safeguard measures.