countervailing duty

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

Example Sentences

The 10-percent lumber tariff stacks on anti-dumping and countervailing duties the country faces, and the United States recently more than doubled these to 35 percent.

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The request was circulated to WTO members on Aug. 15, the body said, adding that Indonesia argues that the EU countervailing duties and the investigation that led to their imposition are inconsistent with WTO provisions.

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"In view of the changes in China's barley market, it is no longer necessary to continue to impose anti-dumping duties and countervailing duties on imported barley from Australia," China's commerce ministry said.

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India is considering imposing countervailing duties on steel imports from China, after applying an anti-dumping duty on stainless steel imports last year.

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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.

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