China slaps 25% import tariff on US biodiesel even though it doesn’t import much

May 13, 2019 |

In China, Bloomberg reports that additional tariffs on US biodiesel imports are among the latest retaliation measures in the ongoing US-China trade war. Even though China imports very little biodiesel from the US, it will still increase the tariff to 25% from the current 10%. China also lobbed a 25% import duty on US-origin soybeans last year, with much of the trade switching to Brazil, but that that was still going to China is now at risk of cancellation due to increased volatility in the trade war that some thought was beginning to ease.

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