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 statutes, GATT 1947 still left the term "bounty or subsidy" undefined.
(c) in respect of China's claims concerning the DOC's benefit determinations in the countervailing duty investigations at issue, that:
He also said it would amend antidumping and countervailing duty laws in order to eliminate unnecessary obstacles in dumping investigations that he says put American manufacturers at risk compared with their foreign competitors.
The taxpayer's right to appeal to recover the countervailing duty is more theoretical than real since few companies ever prevail in trade levy disputes in foreign tribunals.
International Trade Commission (USITC) determined that revoking the existing antidumping duty orders on imports of sodium nitrite from China and Germany and the existing countervailing duty order on imports of this product from China would be likely to lead to continuation or recurrence of material injury within a reasonably foreseeable time.
Resolute Forest Products announced the United States Department of Commerce is formally revoking the countervailing duty order on supercalendered paper from Canada, retroactive to August 3, 2015.
countervailing duty law are silent as to whether and how to take account of double counting for domestic subsidies.
WASHINGTON: The United States should refuse to implement a World Trade Organisation (WTO) ruling that would weaken its ability to use countervailing duty laws against subsidised goods from China, a coalition of labour and business groups have said.
The countervailing duty rates and antidumping duty rates vary by manufacturer.
decision slapping countervailing duty on Indonesian products of glossy paper.
The Rockefeller bill and the Fair Currency Act are similar in approach, making currency manipulation a countervailable export subsidy and actionable under countervailing duty law; however, S.
However, these totals still are relatively low, compared to the 2,743 anti-dumping initiations and 1,729 anti-dumping measures, and the 176 countervailing duty initiations and 108 countervailing duties measures notified over the same period.