Countervailing duty (抵销税)

Countervailing duty (反补贴税 fǎn bǔ tiē shuì) is a type of trade import duty approved by the World Trade Organization in order to harmonize the adverse impacts of subsidies.

Part 1: Breakdown of Words

• “Counter” means “反” (fǎn) or “逆” (nì) in Chinese, as in “counterattack” (反击 fǎn jī), or “countercyclical” (逆周期 nì zhōu qī).
• “补贴” (bǔ tiē) means “subsidy” in Chinese. “补贴” (bǔ tiē) as in “subsidy funds” (补贴资金 bǔ tiē zī jīn).
  • “补” (bǔ) as in “supply” (补给 bǔ jǐ), “complement” (补充 bǔ chōng), or “compensation” (补偿 bǔ cháng).
  • “贴” (tiē) as in “allowance” (津贴 jīn tiē), or “paste” (粘贴 niān tiē).
• “Duty” (税 shuì) as in “duty-free shop” (免税店 miǎn shuì diàn), or “import duty” (进口税 jìn kǒu shuì).