The economic impacts of the US tariffs for fuel ethanol and biodiesel
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This article provides a review of production, price, and trade data for fuel ethanol and biodiesel for the 2000-2016 period and projections for the 2016-2021 period. The Food and Agricultural Policy Research Institute (FAPRI) model is used for the projections. We find that the 2.5% US ethanol tariff could be eliminated with almost no consequences. For biodiesel, the situation is different. The 6.5% biodiesel tariff provides modest protection for US producers -- US domestic production is estimated to be around 3.5% lower without the tariff, and domestic prices about 2.4% lower. A major decision about antidumping rules is likely forthcoming, in part, because US producers lost the domestic biodiesel subsidy in 2016. Proposed antidumping restrictions are in the range of 50-64% for Argentina and 41-68% for Indonesia. But this does not take into account the fact that by 2022, the Argentina export subsidies will be essentially zero. An antidumping suit is likely in near future.
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This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 License.