Expert: Tariff on Brazilian ethanol is important for U.S. industry growth
The 54-cent-per-gallon tariff on Brazilian ethanol is designed to encourage the growth of the U.S. biofuels industry and to prevent imported ethanol from merely replacing foreign oil, said Ken Cassman of the University of Nebraska at Lincoln. The tariff is also necessary to offset a 45-cent-per-gallon tax break for U.S. ethanol producers -- a benefit that is not extended to overseas suppliers, he added. Critics of the U.S. tariff, however, say that it blocks the entry of Brazil's sugar cane-based ethanol, which some say is more environmentally friendly than ethanol derived from corn.
Los Angeles Times | 11/04
This story published in RFA SmartBrief on 11/04/2009
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