Vocab Bloom Hub

countervailing duty

/ˈkaʊntərˌveɪlɪŋ ˈdjuːti/

1 entry

phrase

/ˈkaʊntərˌveɪlɪŋ ˈdjuːti/C1formallegal
  • ruТариф или налог, вводимый правительством на импортируемые товары для компенсации субсидий, предоставленных производителям или экспортерам в стране происхождения, тем самым защищая отечественную промышленность от недобросовестной конкуренции.

A tariff or tax imposed by a government on imported goods to offset subsidies provided to producers or exporters in the originating country, thereby protecting domestic industries from unfair competition.

  1. Import tariff against subsidiesC1formal

    A special tariff imposed on imported goods to offset subsidies given to producers or exporters in the exporting country.

    ruКомпенсационная пошлина

    • The government imposed a countervailing duty on steel imports to protect domestic manufacturers.
    • Countervailing duties are allowed under WTO rules to level the playing field.
    • The investigation found evidence of subsidies, leading to a countervailing duty of 15%.