House Agriculture Committee Chairman Collin Peterson, D-Minn., is urging the Trump administration to quickly reach a deal with Brazil to scrap its duties on U.S. ethanol.
Tariffs on U.S. ethanol to Brazil stand at 20% after an earlier tariff-rate quota (TRQ) arrangement expired August 31. “Brazil's move to increase tariffs on American ethanol is more bad news for our producers. The Trump Administration should continue working with Brazilian officials to restore the duty-free access that was in place from 2012 to 2017,” Peterson said in a Friday (September 4) statement.
“Tariff wars have consequences, and our biofuels producers are seeing that firsthand," Peterson remarked of the lack of an agreement to head off the higher duties.
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