The tariffs on U.S. products announced this week by China not only included 25 percent on pork but also 15 percent on ethanol. That’s concerning to South Dakota Corn Grower’s Association President Troy Knecht. He says trade disruptions that could escalate into trade wars always negatively impact farmers.
He says actions by the President has created a lot of uncertainty and unrest with America’s trading partners and he’s hoping they can find some type of positive resolution to this latest round of tariffs.
Knecht says with China wanting to import ethanol, this latest development puts the U.S. at a disadvantage with our competitors for that market.
Knecht says what’s frustrating is that the U.S. ethanol industry is constantly fighting battles, whether it be this latest tariff issue or the push by some to try and place a cap on RINs or attempts to dismantle the Renewable Fuel Standard.
