Talks with China to cut ethanol tariffs 'positive': U.S. Agriculture Secretary

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Talks with China to cut ethanol tariffs 'positive': U.S. Agriculture Secretary
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U.S. Agriculture Secretary Sonny Perdue said on Tuesday that talks with China ab...

FILE PHOTO: U.S. Agriculture Secretary Sonny Perdue speaks to dairy farmers at Trinity Valley Dairy in Cortland, New York, U.S., August 23, 2018. REUTERS/Shannon Stapleton

“There have been conversations with China on reducing that tariff on ethanol, which would obviously be good for our domestic corn industry,” he told reporters. “While things look positive, it’s never over till it’s over with the Chinese.” The United States and China have been embroiled in a tit-for-tat tariff battle since July 2018, roiling global financial markets and supply chains, and costing both of the world’s two largest economies billions of dollars.

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