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Brazil decides to impose tariff on U.S. ethanol imports

CAMEX approved recommendation to impose 20% tariff on U.S. ethanol imports after 600 million-liter tariff rate quota.

Brazil's Minister of Agriculture, Livestock & Supply Blairo Maggi tweeted Wednesday afternoon that CAMEX, Brazil’s Chamber of Foreign Trade, has approved a recommendation to impose a 20% tariff on U.S. ethanol imports after a 600 million-liter tariff rate quota (TRQ).

Local media are reporting that this TRQ would be in place for the following two years, stymieing access to a large and growing market for U.S. ethanol exports, according to ethanol groups.

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