The National Biodiesel Board and the American Soybean Association asked Commerce Secretary Wilbur Ross for a meeting before the agency finalizes a review that would end most countervailing duties on biodiesel from Argentina.
“It remains unclear why Commerce is rushing to issue final results when recent developments in Argentina suggest a likely change in leadership and tax policy,” the groups said in a letter. The groups called on Ross to “protect” U.S. biodiesel from the trade practices that resulted in the initial duties, issued in 2018, saying “Argentina’s tax policies are likely to continue to change.”
They argued that U.S. soybean growers “continue to find international markets unbalanced as a result of uncertainty over trade agreements and retaliatory trade practices,” the letter added.
While U.S. farmers grapple with “reduced demand and lower prices as a result of trade disruptions to address unfair practices by China unrelated to soybean markets, it would be inconsistent and further damaging to relax measures addressing unfair practices by Argentina.”
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