ABSTRACT
Antidumping laws are a widely accepted element of national trade policies. They aim to counter mercantilistic trade strategy by imposing offsetting duties on dumped imports: imports priced at less than their price in the home market or less than their cost of production. The first national antidumping law was adopted in Canada in 1904. A long list of other Western countries, including Australia, New Zealand, and Great Britain, adopted similar laws over the following two decades. The United States adopted its first antidumping law in 1916, and the current basic formulation for U.S. antidumping law was adopted in 1921.
