EU puts tarrif on US Biodiesel

The European Union has started applying tariffs to biofuel exported from the US to the EU. The EU says that American biodiesel is being sold at less than the true cost of production in the US because of local, state and national subsidies to producers and that this competition is unfair. The report comes from Associated Press.

Free trade is a complex subject but it is easy to see why the EU has done what it has, just as the US makes ethanol imports from Brazil too expensive to compete in the US.

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