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Definition of Countervailing duty
1. Noun. A duty imposed to offset subsidies by foreign governments.
Definition of Countervailing duty
1. Noun. A duty levied on an imported article to offset the unfair price advantage it holds due to a subsidy paid to producers or exporters by the government of the exporting country if such imports cause or threaten injury to a domestic industry. ¹
2. Noun. A duty or surtax levied on an imported article to offset an excise or inland revenue tax placed upon articles of the same class manufactured domestically. ¹
¹ Source: wiktionary.com
Lexicographical Neighbors of Countervailing Duty
Literary usage of Countervailing duty
Below you will find example usage of this term as found in modern and/or classical literature:
1. The Life and Correspondence of Rufus King: Comprising His Letters, Private by Rufus King (1897)
"... of the Repeal of countervailing Duty on Tobacco—King to Erving—Claims of Seamen
for Relief—King to Lord Hawkesbury—Has received the Convention ratified, ..."
2. The Westminster Review by John Chapman, Charles William Wason (1826)
"These are the evils arising from the absence of a countervailing duty, under
unequal taxation. If a countervailing duty of 5 per cent were imposed on ..."
3. Making Free Trade Work: The Canada-U.S. Agreement by Peter Morici (1990)
"First, a countervailing duty regime penalizes subsidized goods in the importing
... For example, a US countervailing duty imposed on imports of a subsidized ..."
4. The Statutes at Large from the Magna Charta, to the End of the Eleventh by Great Britain (1807)
"^uty °^ ^ve shillings, in addition to the said countervailing duty of nine
shillings and ten-pence halfpenny granted by the said act} and that the said ..."
5. The Statutes of the United Kingdom of Great Britain and Ireland [1807-1868/69] by Great Britain, George Kettilby Rickards (1811)
"the faid Twentieth, Day of May mall be exported from Ireland lo Great Britain,
an equivalent Drawback equal in Amount to tht countervailing duty granted by ..."
6. Memoirs and Correspondence of Viscount Castlereagh, Second Marquess of by Robert Stewart Castlereagh (1849)
"The countervailing duty proposed in your paper, as calculated from the drawback
you now ... Od. The countervailing duty, as proposed by Mr. Beresford in the ..."
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