5 days ago
Trump Targets Brazil Ethanol Market That American Firms Helped Fuel
The Trump administration has blamed tariffs for a slump in ethanol shipments to Brazil. But the loss of what was once the biggest export market for US biofuel is, in part, a problem of America's own making.
Brazil has drastically reduced its dependence on US biofuel imports by investing billions of dollars in corn-based ethanol, creating a domestic industry that it later moved to protect through tariffs. The push began in 2017, led by Iowa-based Summit Agricultural Group, whose FS unit installed Brazil's first corn ethanol plant.
