Definition of countervailing duty in English:

countervailing duty

Line breaks: coun¦ter|vail|ing duty

noun

  • An import tax imposed on certain goods in order to prevent dumping or counter export subsidies.
    More example sentences
    • It is complying with WTO rules on anti-dumping, subsidy and countervailing duties, and safeguard measures.
    • For trade in goods, the principal issues that concern the WTO include border measures such as tariffs and other duties, anti-dumping and countervailing duties, import quotas and bans.
    • Even lower rates in the US have kept markets for lumber strong, and B.C. producers are making a profit - in spite of countervailing duties and dumping penalties.

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Word of the day grotesquerie
Pronunciation: grəʊˈtɛskəri
noun
grotesque quality or grotesque things collectively

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