countervailing duty

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Antidumping Duty

In international commerce, a tariff placed on an import that is unusually low-priced. Dumping is the act of exporting a good to a foreign country to capitalize on the price difference. Dumping can result in a handsome profit for the exporter, but it can also damage the importing country's local economy. Thus, many countries attempt to counteract the practice by implementing anti-dumping duties.

countervailing duty

a TAX levied on an imported product (see IMPORTS) that raises the price in the domestic market as a means of counteracting ‘unfair’ trading practices by other countries. Countervailing duties are frequently employed against imported products that are deliberately ‘dumped’ (see DUMPING) or subsidized by EXPORT INCENTIVES. See TARIFF, IMPORT DUTY, BEGGAR MY NEIGHBOUR POLICY.
References in periodicals archive ?
If Commerce makes a final affirmative critical circumstances finding, and if the ITC determines that the imports subject to that finding are likely to undermine seriously the remedial effect of any antidumping or countervailing duty order imposed, entries of CWP after August 7, 2007, will be subject to countervailing duties and entries after August 16, 2007, will be subject to antidumping duties.
Without recourse from antidumping and countervailing duties, Canada's open and developed market is an obvious destination for this unfairly priced surplus sugar.
carbon steel wire rod producers that charged foreign producers in the named countries plus Canada, Indonesia, and Trinidad and Tobago with engaging in unfair trade practices and requested the imposition of antidumping and/or countervailing duties on imports from the countries.
This determination arises out of investigations initiated by USEC in December of 2000 when USEC claimed countervailing duties at a rate in excess of 20% and anti-dumping duties at rates between 15 and 21%.
On September 1, 1998, the department announced preliminary countervailing duties on imports from Korea, Italy, Belgium and South Africa, confirming the petitioners' belief that these foreign governments unfairly subsidize stainless steel plate in coil producers.
According to the DOC rulings, combined antidumping and countervailing duties of 32.
The decision was based on the fact that the law allows distribution of money on top of antidumping and countervailing duties.
The dumping margins set by Commerce are meant to offset the unfair price advantage, while countervailing duties offset the benefit of subsidies.
Dorn said, "We expect the antidumping duties to be substantial and to be imposed on top of the countervailing duties announced today.
Dorn also stated: "These antidumping duties will be imposed on top of the countervailing duties announced in November.