The US ratified tariffs of over 130% on Argentine biodiesel

The anti-dumping and anti-subsidy duties have been in force since 2018 and together represent more than 130% in terms of rates. Thus, the country is still unable to recover a market that, before the entry into force of the sanctions, generated revenues of about $1.2 billion. The agro-industrial sector rejected the decision and warned that European purchases are also paralyzed. They predict that external sales of biofuel will fall 30% this year.

Source: Ámbito