Countervailing Duties
Subscribe
Sign-up to our newsletter, get access to exclusive tips about freight forwarding weekly update!
Countervailing duties (CVD) are taxes aimed at protecting American manufacturers from the impact of cheap imports, which are made possible by tax breaks and subsidies provided by foreign governments.
The calculation of countervailing duties is done on a country-by-country basis. These duties are specifically designed to level the playing field by offsetting the value of any subsidy or support provided by foreign governments.
Whether your product is subject to countervailing duties depends on two factors:
For an official and complete list of products impacted by countervailing duties, you can visit the International Trade Administration website.
Here are some essential points to keep in mind regarding countervailing duties:
Countervailing duties serve as an important tool in ensuring fair competition in international trade. By offsetting the advantages gained through subsidies and foreign government support, they contribute to safeguarding the interests of American manufacturers and businesses.
More from Beeontrade