BRUSSELS (Dow Jones)--The European Union Thursday said it will place steep duties on biodiesel imported from the U.S. to offset a subsidy the U.S. government gives to its biodiesel refiners.
The announcement came in the Official Journal of the European Union.
The bloc will impose two kinds of duties, one for dumping the product at below cost prices, and one to counter the government subsidy.
The anti-dumping duties range from EUR23.6 to EUR208 per metric ton and the anti-subsidy duties range from EUR211 to EUR237 a ton.