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
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.
Join MWU now and get access to America’s largest dictionary, with:
- 300,000 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).