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September 19, 2018 | S + P Global

Ethanol Markets Unaffected by Higher Chinese Tariff

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

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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