countervailing duty
noun
Definition of countervailing duty
1 : a duty or surtax imposed on imports to offset an excise or inland revenue tax put upon articles of the same class manufactured at home
2 : a duty imposed to offset the advantage to foreign producers derived from a subsidy that their government offers for the production or export of the article taxed
People Are Reading
There's more!
Love words? You must — there are over 200,000 words in our free online dictionary, but you are looking for one that’s only in the Merriam-Webster Unabridged Dictionary.
Start your free trial today and get unlimited access to America's largest dictionary, with:
- More than 250,000 words that aren't in our free dictionary
- Expanded definitions, etymologies, and usage notes
- Advanced search features
- Ad free!
Seen and Heard
What made you want to look up countervailing duty? Please tell us where you read or heard it (including the quote, if possible).
Writing? Check your grammar now!