Dumping Act Law and Legal Definition
Dumping Act (“Act”) is a federal statute that requires the Secretary of Treasury to notify to the U.S. Tariff Commission whenever s/he determines that the foreign merchandise is being or is likely to be sold in the U.S. or elsewhere at less than its fair value. The tariff commission shall determine the injury to the U.S. industry. The Act also restricts the importing of goods that are determined to be injurious to domestic sales of like products. This Act is at present dormant.
