Illinois Trade Opportunities Impacted by Tarrifs
Newly enacted tariffs put in place against ethanol plants in Illinois could be negatively impacting your bottom line. As it can every five years, the Chinese government chose to investigate U.S. DDGS exports to the Chinese market. Their resulting claim is that domestic Chinese producers cannot compete with what they call illegally supported, cheaply priced US DDGS. China then implemented tariffs against US ethanol producers, with two large volume Illinois ethanol plants taking the brunt of it.