Definition of "countervailing" [countervailing]

• Present participle of countervail. (verb)

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• "The American position is that we are entitled to apply what are called "countervailing duties" against products that are subsidized by foreign governments."
• "So just knowing that the nightmare hasn't come to pass, that there was still at least a little opening to wedge in countervailing views and loosen the incumbent's grip on power, makes me feel much better."
• "EU governments have 13 months from the beginning of a probe to impose five-year anti-subsidy -- or "countervailing" -- duties and 15 months to impose definitive anti-dumping measures."