1/ As the @WhiteHouse considers @CommerceGov's recommendation on aluminum import restrictions, consider how #Argentina has already been effected by U.S. biodiesel tariffs imposed last year.
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2/ Biofuel is a huge industry for #Argentina. That is in part because of a law requiring a 12% bioethanol mix in gasoline, designed to help meet #ParisAgreement commitments.
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3/ But biofuel is also a major export for
#Argentina. This year,@USDA predicts production of 3.05 billion liters, and in normal circumstances, Argentina would have expected to export around 1.7 billion liters, mostly to the U.S.Show this thread -
4/ Which is all to say, it would only seem fair to avoid any major aluminum decision until
@ShunkoRojas is back from his Southeast Asia honeymoon.Show this thread
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That's right, I was referring to Argentina's biodiesel exports to the United States, targeted by Commerce last year.
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