US industry group TFI applauds Trump executive action on fertilizers

HOUSTON (ICIS)–The Fertilizer Institute (TFI) is recognising US President Donald Trump for signing an executive order, which the industry group said continues his long-standing recognition of the importance of fertilizers to farmers and the domestic agriculture economy.

The industry group added that the president’s action ensures that Canadian and Mexican imports of fertilizers that fall US-Mexico-Canada Agreement (USMCA) rules of origin preference status will be subject to no duty while this round of tariffs remains in effect.

Additionally, the executive order further establishes that potash imports from Canada and Mexico lacking USMCA preference status will be subject to a reduced import tariff of 10%.

There is sentiment a large percentage of the need for potash supply to start spring is already in place, with January imports from Canada higher, which reflects the urgency the fertilizer industry undertook ahead of any trade measures.

It is possible fertilizer inventory, especially potash, in some locations can go through the whole season. The wider concern is more over ensuring there is enough product for summer refilling efforts and potential, weather permitting, fall applications after crop harvest is concluded.

TFI said this is an important step forward to ensuring a stable and affordable supply of fertilizers which are critical to maintaining the global competitiveness of US farmers, strengthening rural economies and keeping food prices in check.

“President Trump has long been supportive of US farmers and rural communities,” said Corey Rosenbusch, TFI President and CEO.

“As the important spring planting season kicks off on farms around the country, the president’s recognition of the critical nature of fertilizers will ensure growers have access to the vital crop nutrients that make possible bountiful harvests and profitable grower operations.”