countervailing duty

British  

noun

1. an extra import duty imposed by a country on certain imports, esp to prevent dumping or to counteract subsidies in the exporting country

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Example Sentences

See Examples For:

countervailing duty

The Commerce Department this month proposed a new rule that would allow it to consider such transnational subsidies in its anti-dumping and countervailing duty cases.

From Reuters ● May 16, 2023

Last year, the number of anti-dumping and countervailing duty investigations launched by the Commerce Department rose more than 60 percent.

From Washington Post ● Jan. 26, 2018

Meanwhile, Canada has said that it will not consider dispensing with another provision, Nafta’s Chapter 19, which allows countries to challenge each other’s anti-dumping and countervailing duty decisions before an independent panel.

From New York Times ● Oct. 11, 2017

China accounts for a third of all U.S. actions on imports, the most of any country, including about 100 anti-dumping and more than two dozen countervailing duty orders, according to the U.S. trade commission.

From BusinessWeek ● Dec. 30, 2011

Whenever a tax bore with unequal effect on the land, when it did not affect labour bestowed in other employments, a countervailing duty on importation should, I think, be also imposed.

From Letters of David Ricardo to Thomas Robert Malthus, 1810-1823 by David Ricardo