„Countervailing Duties (CVD)“

What does Countervailing Duties (CVD) stand for?

(USA) Duties which are assessed, in addition to regular duties, to offset the effects of foreign subsidies or bounties upon the export of merchandise to the United States which has been found to materially injure, or threaten material injury to, an American industry.

Source:

Irwin, D. A. (2017). Clashing Over Commerce: A History of U.S. Trade Policy. University of Chicago Press.

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