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Market
Which alternative market will Chinese biodiesel producers target by end of 2024?
2
Resolution / Starting Odds
North America • 25%
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Trade statistics and company announcements
Story
EU Imposes 12.8%-36.4% Duties on Chinese Biodiesel, Affecting Over 40 Companies
Aug 18, 2024, 05:26 AM
The European Union is set to impose provisional anti-dumping duties ranging from 12.8% to 36.4% on Chinese biodiesel imports starting Friday. This move targets over 40 Chinese companies and is part of the EU's broader protectionist measures against Chinese products. The decision is likely to escalate tensions between China and the EU, as Chinese biodiesel producers are now seeking alternative markets due to the hefty tariffs. The imposition of these duties reflects ongoing trade disputes and the EU's efforts to protect its domestic industries from what it perceives as unfair competition.
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