Europeans to launch biodiesel lawsuit against US
The European biodiesel industry says it will soon launch legal action against its US competitors, alleging that unfairly subsidised American production is undercutting it in the EU market. The European Biodiesel Board told the Financial Times it would by mid-April ask the European Commission to impose one or both of two kinds of import tariff on US imports. These tariffs are "anti-dumping" levies, used against exports sold more cheaply than in the home market, and "countervailing duties", designed to offset the effect of government subsidy.