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Governors' Biofuels Coalition
NEWS UPDATE August 27, 2019

Top Story

Trade

Farmers’ Frustration With Trump Grows as U.S. Escalates China Fight

By Alan Rappeport, New York Times  •    •  Posted August 27, 2019

Peppered with complaints from farmers fed up with President Trump’s trade war, Sonny Perdue found his patience wearing thin. Mr. Perdue, the agriculture secretary and the guest of honor at the annual Farmfest gathering in southern Minnesota this month, tried to break the ice with a joke. “What do you call two farmers in a basement?” Mr. Perdue asked near the end of a testy hourlong town-hall-style event. “A whine cellar.” A cascade of boos ricocheted around the room. [ read more … ]

Trump says China trade deal coming, Beijing calls for resolution of dispute – Reuters

By Jeff Mason and Yawen Chen, Reuters  •    •  Posted August 27, 2019

U.S. President Donald Trump on Monday predicted a trade deal with China after positive gestures by Beijing, calming global markets that have been roiled by new tariffs from the world’s two largest economies. Trump said after a G7 summit of world leaders in Biarritz, France, that he believed China was sincere about wanting to reach a deal, citing what he described as increasing economic pressure on Beijing and job losses there. Chinese Vice Premier Liu He, who has been leading the talks with Washington, said on Monday that China was willing to resolve the trade dispute through “calm” negotiations and opposed any increase in trade tensions. [ read more … ]

Trump, Abe Signal US-Japan Deal

By Jerry Hagstrom, Progressive Farmer  •    •  Posted August 27, 2019

President Donald Trump and Japan Prime Minister Shinzo Abe announced Sunday that the two countries have reached a trade deal that will involve large Japanese purchases of U.S. corn and wheat. In a report Saturday, Nikkei, a Japanese news organization, reported that Japan had agreed to grant the United States the same level of tariffs on agricultural products that other countries have gotten through the Trans-Pacific Partnership (TPP), from which Trump withdrew, in exchange for an exemption from Trump’s proposal to increase auto tariffs. [ read more … ]

Policy & Politics

Biofuel credit surplus could blunt RIN price impact from Trump moves: sources

By Stephanie Kelly, Reuters  •    •  Posted August 27, 2019

A big surplus of U.S. biofuel blending credits would likely blunt potential price increases in the market if the Trump administration follows through on its proposal to boost blending volumes mandates, four industry sources said. Prices for the credits known as Renewable Identification Numbers, or RINs, tanked this month after the Environmental Protection Agency decided to grant 31 biofuel waivers to oil refiners, exempting them from their obligation to blend ethanol into their gasoline. [ read more … ]

Ethanol Plant Employees Ask Trump to Order EPA to Stop Waivers

By Todd Neeley, Progressive Farmer  •    •  Posted August 27, 2019

A group of 94 ethanol plant employees from across the countryasked President Donald Trump to reallocate gallons lost to small-refinery waivers to the Renewable Fuel Standard, in a letter to the president on Monday. Reports surfaced last week the Trump administration is considering reallocating gallons waived to larger refiners. Since 2016, the EPA dramatically increased the number of exemptions it approved. The agency has granted 85 waivers during the Trump administration totaling 4.03 billion ethanol-equivalent gallons not blended in petroleum products including biodiesel. [ read more … ]

Electric-Vehicle Shift Will Keep a Lid on Oil Prices

By Lauren Silva Laughlin, Wall Street Journal  •    •  Posted August 27, 2019

German auto supplier Continental said recently that it would cut investment in conventional engine parts because of a faster-than-expected fall in demand. New data also shows diesel car sales in Norway are declining rapidly in favor of electric vehicles. Continental largely focuses on fuel injectors and pumps used for gasoline and diesel engines that have been at the heart of the auto industry for over a century. The company is cutting investment in parts for these conventional engines, turning its attention to electric vehicles instead.
[ read more … ]

Primary 2020

California’s political equivalent to Iowa’s corn ethanol? Democratic presidential wannabes haven’t found it yet

BY BEN CHRISTOPHER, Cal Matters  •    •  Posted August 27, 2019

When presidential candidates spent time in Iowa (and they spend a lot of time in Iowa), they are expected to ingratiate themselves to the state’s 2.1 million registered voters by chowing down on deep fried foods and spending plenty of time talking about grain growing, trade policy and corn ethanol. With California Democrats now scheduled to pick their preferred party’s nominee on March 3rd (at the latest; those who vote from home can cast their ballot as early as the Iowa Caucus) there was hope that the Golden State might finally earn itself some presidential pandering too. [ read more … ]

Opinion

George F. Will: Casualties of friendly fire in Trump’s trade war

By George Will, Washington Post  •    •  Posted August 27, 2019

In a trade war, as in a real one, people are wounded by friendly fire from their side. Consider some casualties in Donald Trump’s “easy to win” — his promise — trade war. Begin with the company whose green machines bear the name of the blacksmith who, in the 1830s in Grand Detour, Ill., invented a self-scouring plow that could turn the Midwest’s heavy black topsoil. [ read more … ]

Note: News clips provided do not necessarily reflect the views of coalition or its member governors.