word
Countervailing Duties
KOWN-ter-vay-ling DYOO-teez
/ˈkaʊn.tər.veɪ.lɪŋ ˈdjuː.tiːz/Listen
Hear it in a clear American voice. Slow it down to catch each syllable.
Syllable breakdown
Countervailingduties
Dictionary meaning
Import tariffs imposed by a country to offset subsidies granted by the exporting country's government to its domestic producers; authorized under WTO's Agreement on Subsidies and Countervailing Measures (ASCM).
Examples
- The US imposed countervailing duties on Canadian softwood lumber, citing government subsidies.
- To impose countervailing duties, a country must prove material injury to domestic industry.
Synonyms: CVDs, anti-subsidy duties, compensatory duties
Pronunciation tips
CVD = Counter-subsidy tariff. Remember: the exporting country subsidizes → importing country countervails with a duty. Both anti-dumping and CVDs are 'trade remedies'.
Learn one new pronunciation a day
Get a word, name or idiom like “Countervailing Duties” in your inbox — daily or weekly, free. Unsubscribe any time.
Something wrong? Suggest a correction