Reuters Summit - US Seen Importing Ethanol, But Tariff Uncertain
Reuters Summit - US Seen Importing Ethanol, But Tariff Uncertain US: April 7, 2008 WASHINGTON - The United States will need to import more sugarcane-based ethanol to meet renewable energy mandates, a top US official said, but he stopped short of recommending that a controversial ethanol tariff be lifted. "If our goal is to reduce hydrocarbon usage and to increase ethanol usage, that is going to happen through cane-based production," Tom Shannon, the top US official for Latin America, said in the Reuters Latin America Investment Summit on Friday.