countervailing duty

noun

1. an extra import duty imposed by a country on certain imports, esp to prevent dumping or to counteract subsidies in the exporting country

Example Sentences

The request was circulated to WTO members on Aug. 15, the body said, adding that Indonesia argues that the EU countervailing duties and the investigation that led to their imposition are inconsistent with WTO provisions.

From Reuters

"In view of the changes in China's barley market, it is no longer necessary to continue to impose anti-dumping duties and countervailing duties on imported barley from Australia," China's commerce ministry said.

From BBC

India is considering imposing countervailing duties on steel imports from China, after applying an anti-dumping duty on stainless steel imports last year.

From Reuters

The Commerce Department this month proposed a new rule that would allow it to consider such transnational subsidies in its anti-dumping and countervailing duty cases.

From Reuters

Australia lodged a formal complaint with the WTO in 2020 over anti-dumping and countervailing duties imposed by China on Australian barley, one of several sources of friction between the two countries in recent years.

From Reuters