China to increase duty for undenatured US ethanol to 65%

In China, Platts reports that the government announced on September 1 undenatured ethanol from the US will be subject to an additional 25% import duty on top of the existing 40% duty in retaliation to additional duties of between 15% and 25% imposed by the US on around $200 billion worth of Chinese products. In addition to ethanol, more than 5,200 US products will now be subject to as much as 25% additional duty but the government didn’t say when the additional duty will be implemented.