New US tariffs on Canada exclude fertilizers
Published by Oliver Kleinschmidt,
Deputy Editor
World Fertilizer,
Potash and other fertilizers will be exempt from new import tariffs imposed on Canadian products by the Trump Administration in the US, as reported by Argus Media.
US president Donald Trump, on 20 July, signed three new orders under the Section 338 of the Tariff Act of 1930 to add a 50% import tariff on specific Canadian goods. The new tariff will apply to a range of products, including some goods covered under the US-Mexico-Canada (USMCA) trade agreement.
Fertilizer products such as potash, sulfur, and sulfuric acid were not included in the orders' list of tariffed items.
The Trump Administration has claimed it seeks to revise the USMCA, which was negotiated during Trump's first term. The US Trade Representative's office on 1 July decided against renewing the deal in its current form, meaning the three countries will have to hold annual reviews and seek a consensus on a long-term extension beyond 2036.
The new Section 338 tariffs will be applied at the beginning 19 August, 30 days after its signing.
Original article written by Benedetta Tommaselli for Argus Media.
Read the article online at: https://www.worldfertilizer.com/potash/23072026/new-us-tariffs-on-canada-exclude-fertilizers/