US slaps heavy duty on Argentine, Indonesian biofuels

Argentinian exports of SME and Indonesian exports of PME to the US could be looking for another home soon after the US Commerce Department set preliminary import duties of up to 70% on Argentine biodiesel and 50% on Indonesian product.

The value of US imports of biodiesel from Argentina and Indonesia were estimated at $1.2 billion and $268 million. The move follows a reduction in import duty on Argentine product entering the EU.