U.S. impose countervailing duties on biodiesel from Argentina and Indonesia
The U.S. Department of Commerce found that Argentina and Indonesia provide subsidies to their biodiesel producers in violation of international trade rules and announced its preliminary decision to impose countervailing duties on biodiesel imported into the U.S. from these countries. The preliminary ruling will require importers of biodiesel from Argentina and Indonesia to pay cash deposits on biodiesel brought to the U.S. In addition, the commerce department found so-called “critical circumstances” involving the surge of imported biodiesel from Argentina. This sets the stage for retroactive duties going back to this May.