countervailing duty definition

  • noun:
    • A duty levied on an imported article to offset the unfair cost benefit it holds considering a subsidy paid to producers or exporters because of the federal government of the exporting nation if such imports cause or threaten injury to a domestic industry.
    • A duty or surtax levied on an imported article to counterbalance an excise or inland income tax put upon articles of the identical class produced domestically.
    • a duty enforced to counterbalance subsidies by international governing bodies
    • A duty levied on an imported article to offset the unfair price advantage it keeps because a subsidy compensated to producers or exporters by the government regarding the exporting nation if such imports cause or threaten injury to a domestic industry.
    • A duty or surtax levied on an imported article to counterbalance an excise or inland revenue tax placed upon articles of the same course manufactured domestically.
    • a duty imposed to offset subsidies by foreign governing bodies
89 votes

How would you define countervailing duty?

All the definitions on AZdictionary were written by people just like you. Now's your chance to add your own!