EU Retaliatory Tariffs to Impact European Biofuel Prices

EU Retaliatory Tariffs to Impact European Biofuel Prices

On March 12, the European Commission announced retaliatory tariffs on an additional €26 billion worth of U.S. goods in response to President Donald Trump’s 25 percent tariff on all global steel and aluminium, as well as derivative products. Soybeans—a key ingredient for domestic European animal feed and biofuel production—are included in the initial list of products subject to potential tariffs.

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