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 ?
countervailing duty legislation is designed to mitigate the effects of unfair foreign government interventions through trade distorting subsidies that result in the delivery of low-cost products into the U.
In 2008, the Commerce Department issued an antidumping order on imports of LWTP from Germany and antidumping and countervailing duty orders of imports of LWTP from China.
The next tool tackled by Rosenthal was the Countervailing Duty petition.
Kaplan, a partner at King & Spalding, which represents the pipe makers, said, "The high countervailing duty rates show that the United States will not put up with subsidization that undercuts our industries.
The Coalition to Enforce Antidumping & Countervailing Duty Orders consists of the following companies and industry associations: American Spring Wire Company (Bedford Heights, Ohio), GEO Specialty Chemicals (Lafayette, Indiana), Insteel Industries (Mt.
For example, Teske said GATT negotiators are seriously considering providing an exemption from the countervailing duty laws for governmental subsidies for pollution controls.
According to Joe Dorn, a partner at King & Spalding, the law firm representing the petitioners, "the preliminary countervailing duties that were announced in November 2007 should increase considerably in the upcoming final countervailing duty determination, because one of the companies under investigation has refused to provide information requested by the Commerce Department.
Customs & Border Protection ("CBP") to ensure that allegations of illegal evasion of antidumping or countervailing duty orders are investigated.
Autor said retailers, who maintain global supply chains to provide the widest range of quality consumer products to their customers, have been adversely and unfairly affected by the misuse of antidumping and countervailing duty actions in two ways.
After the Department of Commerce makes final determinations in both the countervailing duty and antidumping duty investigations, the ITC is scheduled to complete its final investigation in the summer of 2008.
to fully and effectively apply countervailing duty and anti-dumping laws against China.