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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
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