U.S. and Canadian biofuel industries in decline

In Washington, U.S. and Canadian biofuel producers, concerned about the impact on trade of President Donald Trump’s waffling on tariffs, have cut back production to avoid future border problems, Reuters reported. Some analysts expect a “painful” contraction in both biodiesel and renewable diesel production, not only because of the tariffs but also because of the Biden administration’s elimination of subsidies for blended fuels.