China's Exports of Used Cooking Oil Prompt Discussions on US Tariff Hike
Tuesday, 14 May 2024, 05:40
Surge in Used Cooking Oil Imports
The US International Trade Commission revealed a spike in imports of used cooking oil in 2023, with over half originating from China. This surge has raised concerns about its impact on US growers of crops utilized in sustainable fuels.
Potential Tariffs Discussions
The increase in Chinese exports has prompted talks of implementing tariffs to safeguard domestic producers and support a fair market. The move aims to address the imbalance caused by the flood of used cooking oil from China.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.