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Brazilian president asks Obama to lower ethanol tariff

Even though some headlines were dominated by Brazilian economic news, President Luiz Inacio Lula da Silva's visit to the U.S. and his meeting with President Obama over the weekend also dealt with the ethanol industry. The big biofuel news from Silva's visit was a call to end U.S. tariffs on his country's ethanol exports. Silva told an investor forum on Monday that he spoke with President Bush about this many times and will do so with Obama as well. Considering Obama's Agriculture Secretary's strong support for American corn ethanol, and ... Read more →

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