President touted more tariff-free ethanol going to Brazil, but hard-hit corn farmers say it will make little difference.
Making great progress for our Farmers. Approved E-15, year round. Big additional list to be submitted & approved within two weeks. Will be even better for Ethanol, and we save our small refineries!Imports beyond the quota are subject to a 20 percent import tariff. Brazil sells ethanol to the U.S. duty-free, but there is resentment that this is not reciprocated.:"We were disappointed in the agreement that came out this week.
President Donald Trump speaks to supporters during a campaign rally at the Mid-America Center on October 9, 2018, in Council Bluffs. Iowa. His support in the state could be at risk among those in the rural sector hit by his trade policies.The Renewable Fuels Association was also disappointed by the announcement, with its executive president, Geoff Cooper, saying:"We don't see it as a positive step. We were hoping for the altogether elimination of the tariff in Brazil" .
"Forgive me for not standing up to applaud when the administration has destroyed demand for 8 percent of the U.S. corn crop and it somehow wants to elicit cheers for restoring less than one-tenth of 1 percent," Browdish toldHowever, the waivers have been backed by groups like North America's Building Trade Unions , which sent a letter of support to the Trump administration last week thanking it for a move"protected refining jobs.
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