Suspension of Brazil Ethanol Tariff Should Benefit US Exporters, USDA Says
Brazil recently suspended import tariffs on ethanol and other agricultural products, including cheese, sugar and soybean oil, the USDA Foreign Agricultural Service said in a March 24 report. The country specifically decided to cut ethanol tariffs to help “mediate” rising…
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gas prices, the report said. USDA expects the reduced tariffs to benefit U.S. ethanol exporters, who have been “negatively impacted” by Brazilian tariffs since 2017.