News
RFA praises Biden admin’s tariff increase on Chinese EVs
President Biden has announced a sharp tariff increase on some Chinese imports including electric vehicles.
Geoff Cooper, president and CEO of the Renewable Fuels Association, says the increase will also impact advanced batteries and solar cells. He tells Brownfield it’s a positive move for the US biofuels industry.
“Hopefully this signals more openness on the part of the Biden administration to look to biofuels like ethanol and other renewable fuels to help achieve the goals of reducing greenhouse gas emissions and combating climate change.”
Cooper says there are some concerns China will look to retaliate. “Obviously, China is an important and large market for many US products, including agricultural products,” Cooper said. “There again, we’ve not been able to export ethanol to China, or distillers grains for that matter, for a number of years because of protectionist barriers that that country has in place.”
The White House says the tariffs will be rolled out over the next three years.
AUDIO: Geoff Cooper, Renewable Fuels Association
Add Comment