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

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Cite this Entry

“Countervailing duty.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/countervailing%20duty. Accessed 27 Sep. 2020.

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