In response to the Trump administration’s recent tariffs on Chinese steel and aluminum, the Chinese government is planning to retaliate with counter-measures totaling $3 billion, which would target key sectors of the U.S. economy. What concerns us specifically, is their proposal to levy an additional 15% duty on U.S. ethanol imports. China is the third-largest importer of U.S. ethanol globally as it is in the midst of moving to a 10% ethanol blend by 2020.
Growth Energy CEO, Emily Skor had this to say about the proposed tariffs: