Recently, average tariff rates have decreased significantly as a result of increased WTO membership. We have, however, seen significant increases in the number of anti-dumping and countervailing duty cases filed by nations as they dispute the trade practi

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Recently, average tariff rates have decreased significantly as a result of increased WTO membership. We have, however, seen significant increases in the number of anti-dumping and countervailing duty cases filed by nations as they dispute the trade practices of others. The effects of these punitive tariffs are similar to those effects upon the economy when tariffs are used as a form of protectionism, but these punitive tariff rates are much higher and cause price levels of final goods to increase dramatically. 

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