WASHINGTON D.C. – Growth Energy, the nation’s largest biofuel trade association, applauded the White House and President Trump today following the announcement of two major trade deals that would open new markets for American biofuels and other agricultural co-products. The trade deal with Indonesia is expected to eliminate up to 99 percent of the tariff barriers on U.S. goods – including the 30 percent tariff currently imposed on U.S. ethanol exports. As part of the deal with Japan, the White House secured a commitment to purchase $8 billion in U.S. agricultural goods, including corn, soybeans, ethanol, and sustainable aviation fuel.
“Ethanol exports set a record in 2024, and President Trump’s latest deals will help to ensure that American farmers and biofuel producers continue to benefit from new and growing markets in Asia,” said Emily Skor, CEO of Growth Energy. “We commend President Trump for following through on his commitment to unleash American energy dominance and tear down unfair barriers to exports from rural America. We also thank the teams at the Office of the U.S. Trade Representative and the U.S. Department of Agriculture for their tireless work to deliver these trade deals and removing trade barriers for U.S. ethanol.”
Learn more about last year’s record-setting American ethanol export figures here.