countervailing duty

World English Dictionary
countervailing duty
 
n
an extra import duty imposed by a country on certain imports, esp to prevent dumping or to counteract subsidies in the exporting country

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
Cite This Source
Encyclopedia Britannica
Encyclopedia

countervailing duty

tariff or tax levied to neutralize the unwanted or unintended effects of other duties. When domestic producers are subject to sales taxes or turnover taxes (levied on gross sales), countervailing tariffs are sometimes imposed on imported goods from producers who are not subject to such taxes in their own countries. Similarly, by international agreement, one country may tax the domestic production or sale of goods in order to maintain the competitive position of foreign producers subject to its import tariffs. Alternatively, countervailing duties may be used to protect one set of domestic producers from another set

Learn more about countervailing duty with a free trial on Britannica.com.

Encyclopedia Britannica, 2008. Encyclopedia Britannica Online.
Cite This Source
Copyright © 2014 Dictionary.com, LLC. All rights reserved.
  • Please Login or Sign Up to use the Recent Searches feature