What Happens If The US Ethanol Tariff Expires?

Law360, New York (September 23, 2010, 5:09 PM EDT) -- Brazil has temporarily reduced its import tariff on foreign ethanol to zero until the end of 2011 in a move aimed at provoking the United States into letting its ethanol import tariff expire as scheduled at the end of 2010.

The U.S. Congress is expected to debate by year end whether to extend both the tariff and a domestic tax credit that encourages blending of ethanol with vehicle fuel. Farm state legislators want to extend both through 2015. The politics of ethanol in the U.S. are...
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