China to boost ethanol import tariffs another 10% on December 15

In China, Reuters reports that as part of another $75 billion in tariffs on US imports in the latest round of the on-going trade war, as of December 15 US-origin ethanol will face an additional 10% import duty on top of existing duties that already make US ethanol inviable for export to China. In response, President Trump announced an additional 5% duty on $550 billion worth of Chinese imports. The US farm belt is already seeing that the president isn’t holding up to his promises to protect and support farmers.