In Washington, in response to Brazil’s potential import tariffs on US ethanol and increasing imports of Brazilian ethanol in the US, primarily California where it qualifies for a premium under the Low Carbon Fuel Standard, the Trump administration may look to impose trade measures on Brazilian imports as well. However, US imports only about one-quarter of what it exports to Brazil, leaving US producers concerned that a potential scaling up of retaliatory measures could be more damaging to them in the end.
Category: Fuels