COUNTERVAILING DUTY


Meaning of COUNTERVAILING DUTY in English

noun

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

Webster's New International English Dictionary.      Новый международный словарь английского языка Webster.