Definitions for countervailing duty
coun·ter·vail·ing du·ty

Princeton's WordNetRate this definition:0.0 / 0 votes

1. countervailing dutynoun

   a duty imposed to offset subsidies by foreign governments

WiktionaryRate this definition:0.0 / 0 votes

1. countervailing dutynoun

   A duty levied on an imported article to offset the unfair price advantage it holds due to a subsidy paid to producers or exporters by the government of the exporting country if such imports cause or threaten injury to a domestic industry.

2. countervailing dutynoun

   A duty or surtax levied on an imported article to offset an excise or inland revenue tax placed upon articles of the same class manufactured domestically.

WikipediaRate this definition:0.0 / 0 votes

1. countervailing duty

   Countervailing duties (CVDs), also known as anti-subsidy duties, are trade import duties imposed under World Trade Organization (WTO) rules to neutralize the negative effects of subsidies. They are imposed after an investigation finds that a foreign country subsidizes its exports, injuring domestic producers in the importing country. According to World Trade Organization rules, a country can launch its own investigation and decide to charge extra duties, provided such additional duties are in accordance with the GATT Article VI and the GATT Agreement on Subsidies and Countervailing Measures. Since countries can rule domestically whether domestic industries are in danger and whether foreign countries subsidize the products, the institutional process surrounding the investigation and determinations has significant impacts beyond the countervailing duties. Countervailing duties in the U.S. are assessed by the International Trade Administration of the U.S. Department of Commerce which determines whether imports in question are being subsidized and, if so, by how much. If there is a determination that there is material injury to the competing domestic industry, the Department of Commerce will instruct U.S. Customs and Border Protection to levy duties in the amount equivalent to subsidy margins. Petitions for remedies may be filed by domestic manufacturers or unions within the domestic industry, but the law requires that the petitioners represent at least 25% of the domestic production of the goods for which competition is causing material injury.

ChatGPTRate this definition:0.0 / 0 votes

1. countervailing duty

   A countervailing duty is a tariff or tax imposed by a government on imported goods that have received subsidies from the foreign government or producers. The aim is to protect domestic industries from unfair competition and counteract the negative effects of the subsidies, making the price of imported goods more equivalent to domestically produced items.

Matched Categories

1. • Duty

How to pronounce countervailing duty?

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How to say countervailing duty in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of countervailing duty in Chaldean Numerology is: 4

2. Pythagorean Numerology

   The numerical value of countervailing duty in Pythagorean Numerology is: 6

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=countervailing duty
2. ^ Wiktionary
   https://en.wiktionary.org/wiki/Countervailing_Duty
3. ^ Wikipedia
   https://en.wikipedia.org/wiki/Countervailing_Duty
4. ^ ChatGPT
   https://chat.openai.com