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September 19, 2018 | S + P Global
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Ethanol Markets Unaffected by Higher Chinese Tariff

Chinese import tariff on undenatured U.S. ethanol will rise from 65% to 75%

Ethanol Markets Unaffected by Higher Chinese Tariff

U.S. and Asian ethanol markets on Wednesday were unaffected by the announcement that the Chinese government would hike the import tariff on undenatured U.S. ethanol to 75% from 65%, S + P Global reports.

"The 65% duty [on undenatured ethanol] had already killed the trade flow between the U.S. and China. The 10% hike will not make a big difference," an Asia-based trader said.

The higher tariff, announced Tuesday, was part of a larger retaliation against U.S. tariffs in escalating trade tensions between the two countries.

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