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U.S. Fertilizer Buyers, Not Canada, Would Bear Brunt of Threatened Tariffs
From Successful Farming
With spring fast approaching and U.S. crop acreages up, U.S. buyers will likely bear the brunt of the costs of any new tariffs on fertilizers, at least in the short run, analysts tell Agri-Pulse, as some manufacturers are already eying price hikes.
President Donald Trump has suggested new 25% tariffs on imports from Canada and Mexico could start as soon as Saturday. The U.S. imports more than 90% of its annual potash fertilizer demand, mostly from Canada, according to the Energy Department, leaving farmers particularly sensitive to any new costs.
Full story.
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