US adds more import duties on biodiesel from Argentina

Friday, February 23rd 2018 - 09:05 UTC

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The U.S. Commerce Department piled on more import duties on biodiesel from Argentina and Indonesia, adding anti-dumping duties of 60.44% to 276.65% to already steep anti-subsidy duties on the fuels. Read full article

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Enrique Massot
“The latest duties make it virtually certain that biodiesel from Argentina and Indonesia will not be sold in the U.S. market.”

Just like Macri was hoping when paying the vultures what they were asking and then some: “Argentina is returning to the world,” and “We will have an investment rain.”

The return to the world, so far, has only produced a wave of imports that is killing many small and medium-sized enterprises while failing to make a dent on inflation as expected.

Regarding foreign investment, the dollars that are coming to Argentina are mostly buying Lebacs (government-issued, high-yield bonds) and they're also ready to fly away at the minor sign of changes in market conditions.

More achievements of the Joyful Revolution.
Feb 24th, 2018 - 11:00 pm - Link - Report abuse 0
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