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On August 23, 2019, the People’s Republic of China’s Ministry of Finance (MOF), State Council Tariff Commission (SCTC) announced new tariffs on certain U.S. products, valued at $75 billion USD.
The EU set a 10 percent target for renewable energy use in transport for 2020, and raised the target to 14 percent in 2030, with advanced biofuels counting double to the target.