The US Department of Commerce announced on Wednesday (21.02.2018) new tariffs on biodiesel imports from Argentina and Indonesia, after it reached the final conclusion that fuel shipments from those countries have been dumped.
La Final determination is subject to a second decision by the U.S. International Trade Commission on April 6. on whether U.S. biodiesel producers were affected by imports from those two countries.
But the independent panel has already decided in the subsidy cases that those imports caused such harm.
The latest tariffs make it virtually a given that biodiesel from Argentina and Indonesia will not be sold in the U.S. market, with combined tariffs of up to 159% on the Argentine fuel and up to 341% on the Indonesian variety.
The Commerce Department set final dumping tariffs for Argentine biodiesel at 60,44% to 86,41%, and for Indonesian biodiesel at 92,52% to 276,65%.
"Today's decision allows U.S. biodiesel producers to receive relief from the market-distorting effects of foreign producers dumping in the domestic market," Commerce Secretary Wilbur Ross said in a statement.
"While the United States values its relationship with Argentina and Indonesia, even our closest friends must play by the rules," he added.
Source: Reuters
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