Bill Would Lower Tariffs On Imported Ethanol

Law360 (March 19, 2009, 12:00 AM EDT) -- A bill has been introduced in the U.S. Senate that would reduce the tariffs on imported ethanol and ensure parity with the nation’s ethanol blender subsidy.

As it stands now, a subsidy of 45 cents a gallon is applied to both domestic and foreign ethanol blends. But a primary tariff of 2.5 percent of the transaction price and a secondary tariff of 54 cents a gallon are placed on foreign suppliers, creating a real barrier to trade, according to the bill’s sponsors, Sens. Dianne Feinstein, D-Calif.;...
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