# How a Harris or Trump US presidential win could shape the renewable fuel sector - Fastmarkets

> Fastmarkets outlines how a Harris or Trump presidential win could reshape US renewable fuels and feedstocks policy ahead of the November 2024 election. Trump has proposed a 60% tariff on Chinese imports and a 20% tariff on other imports, while experts expect policy deadlines to be delayed either way. Cheaper imported used cooking oil and tallow have already weighed on US biodiesel feedstock prices.

- Date: 2024-11-04 · published 2024-11-04T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/15165-how-a-harris-or-trump-us-presidential-win-could-shape-the-renewable-fuel-sector
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Uncertainty over biofuel policy and possible China trade tensions could shift demand for soyoil and other feedstocks and pressure soybean prices.

## Read by commodity

- SBO: bearish ▼
- SOY: bearish ▼
- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2018-04-19 | [Soy Growers Ask President Trump to Support Renewable Fuel Standard - American Soybean Association](https://feedsoft.ai/events/65395-soy-growers-ask-president-trump-to-support-renewable-fuel-standard-american.md) | -2.0% | -2.7% |
| SBO | 2024-11-04 | [US Renewable Fuels Tax Credits and Feedstock Values Rest on Election Outcome \| Aegis Market Insights](https://feedsoft.ai/events/15169-us-renewable-fuels-tax-credits-and-feedstock-values-rest-on-election-outcome.md) | +5.2% | -6.9% |
| SBO | 2023-06-29 | [EPA’s renewable fuel rule called ‘missed opportunity’ \| The Western Producer](https://feedsoft.ai/events/35586-epa-s-renewable-fuel-rule-called-missed-opportunity-the-western-producer.md) | +8.3% | +13.9% |
| SBO | 2021-01-19 | [Federal Register
       :: 
      Notice of Receipt of Petitions for a Waiver of the 2019 and 2020 Renewable Fuel Standards](https://feedsoft.ai/events/49015-federal-register-notice-of-receipt-of-petitions-for-a-waiver-of-the-2019-and.md) | +1.9% | +10.1% |
| SBO | 2025-02-25 | [Sunseed prices continue to rise in Ukraine, but vegetable oil markets have seen a drop in prices](https://feedsoft.ai/events/26191-sunseed-prices-continue-to-rise-in-ukraine-but-vegetable-oil-markets-have-seen.md) | -5.4% | -5.4% |
| SOY | 2018-04-19 | [Soy Growers Ask President Trump to Support Renewable Fuel Standard - American Soybean Association](https://feedsoft.ai/events/65395-soy-growers-ask-president-trump-to-support-renewable-fuel-standard-american.md) | -1.4% | -4.0% |
| SOY | 2021-09-24 | [Argentina could grow 70m mt of soybeans with tax cut: ACSOJA - Fastmarkets](https://feedsoft.ai/events/44927-argentina-could-grow-70m-mt-of-soybeans-with-tax-cut-acsoja-fastmarkets.md) | -2.2% | -4.7% |
| SOY | 2024-11-04 | [US Renewable Fuels Tax Credits and Feedstock Values Rest on Election Outcome \| Aegis Market Insights](https://feedsoft.ai/events/15169-us-renewable-fuels-tax-credits-and-feedstock-values-rest-on-election-outcome.md) | +3.5% | +0.3% |

## Sources

- fastmarkets.com: https://www.fastmarkets.com/insights/how-a-harris-or-trump-us-presidential-win-could-shape-the-renewable-fuel-sector/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.