Obama says no quick end to ethanol dispute

Barack Obama on Saturday said there would be no quick resolution to a dispute with Brazil over restricting ethanol imports to the US, following his first meeting with President Luiz Inacio Lula da Silva.

The Brazilian president, in his first visit to Washington since Mr Obama took office, said it was wrong for the US continued to levy import tariffs on Brazilian sugarcane ethanol, which is more environmentally friendly than the maize ethanol produced in the US.

FT