countervailing duty

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Definitions from WordNet

Noun countervailing duty has 1 sense

countervailing duty - a duty imposed to offset subsidies by foreign governments
--₁ is a kind of duty, tariff

Definitions from the Web

Countervailing Duty

Part of Speech: Noun

Sense: A tariff or tax imposed on imported goods to offset subsidies given to producers in the exporting country, in order to protect domestic industries from unfair competition.

Usage: Countervailing duties are put in place to ensure fair trade practices and maintain a level playing field for domestic businesses.

Sample Sentence: The government imposed countervailing duties on steel imports to protect the local steel industry.