Trump threatens higher tariffs on Chinese UCO but not likely to make an impact

In Washington, Reuters reports that President Trump is lashing out at China’s used cooking exports by threatening higher tariffs as a way to punish the country for not buying American soybeans. Yet last year the US already imposed tariffs on Chinese UCO while China also cut tax rebates on the biofuel feedstock that led to a 65% drop in exports to the US, so any additional trade measures will likely have limited impact, if retaliation is the motive.