The well-known protectionist policy pursued by Trump, who will assume the presidency of the United States of America on January 20, 2025, will certainly bring many obstacles and challenges to the export of biofuels. The president-elect has already indicated that he will increase tariffs by 10% to 20% on imports, including ethanol and biodiesel. This imposes a complex future scenario for Brazil. Many sector experts point to some alternatives available to the country to overcome this problem.
Some strategies would be as follows:
* Searching for new markets for biofuel exports, such as Europe and Asia, which have more favorable policies for renewable fuels, as well as through bilateral agreements with countries that share interests in sustainable fuels, reducing dependence on the USA.
Moreover, it is necessary to invest in technologies that increase the efficiency of biofuel production and make it more competitive in the global market. It is also important to have new internal policies to promote clean and renewable fuel production.
The government promises to continue promoting biofuels
“Brazil will lead the global energy revolution,” President Luiz Inacio Lula da Silva declared when he signed the Fuels of the Future Act, a set of initiatives aimed at boosting the country’s bioenergy sector. “Brazil will advance because you, the entrepreneurs, have the ability to produce and research. “The enactment of this law makes it clear that none of us has the right to continue not to believe that this country can become a great economy,” Lula added.
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