Argentina Loses Challenge to U.S. Biodiesel Anti-Subsidy Duties

The government of Argentina and biodiesel exporter LDC Argentina SA lost their bid for lower U.S. anti-subsidy duties, when a federal trade on Tuesday upheld the Commerce Department’s analysis of the South American nation’s export tax regime.

The U.S. in 2016 imported from Argentina about $1.2 billion worth of biodiesel, a fuel made from vegetable oils or animal fats, according to Commerce. In 2017 the department determined that these imports were being unfairly subsidized, and the U.S. began imposing countervailing duties of up to 72.28%.

The government of Argentina in 2018 asked Commerce to revise these duties downward through a ...