Definitions for "Countervailing Duty"
Countervailing duty is levied when imported merchandise receives a bounty or grant when exported with material injury to an U.S. manufacturer.
An additional duty imposed on imported goods to offset government subsidies in the exporting country when those subsidies cause or threaten injury to the domestic industry of the importing country.
An additional duty imposed to offset export grants, bounties or subsidies paid to foreign suppliers in certain countries by the government of that country for the purpose of promoting export.