US Biofuel Suppliers Jump as Trump Targets Brazilian Ethanol

US biofuel suppliers jumped as President Donald Trump targeted Brazilian tariffs on US ethanol exports.

The president on Thursday signed a measure directing the US Trade Representative and Commerce secretary to propose new levies on a country-by-country basis in an effort to rebalance trade relations. A White House statement cited Brazil’s 18% tariffs on US ethanol exports as an example of “unfair” trade practice.

Trump’s effort was seen as potentially an opening bid for negotiation with other countries to pare their tariffs and other trade barriers against US goods. By singling out Brazil’s treatment of US ethanol, the White House ...