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

“Anti-dumping and countervailing duty determinations provide the domestic industry with relief from dumping and improper subsidies,” he said in a statement to The New York Times last week.

From New York Times • Jun. 11, 2018

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

"This would appear to undermine the intent of the petition that was filed by the U.S. industry, and invite the circumvention of the anti-dumping and countervailing duty orders," the lawmakers said.

From Reuters • Sep. 26, 2012

The U.S. uses more than 300 anti- dumping and countervailing duty orders to shield American-made goods, from honey to bedroom furniture, against global competition it deems unfair and damaging to U.S. companies.

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 Ricardo, David