A five-year review of countervailing duties on phosphate imports from Morocco and Russia is underway. Reports say that fertilizer producers Mosaic and Simplot say they are in favor of keeping the duties in place. The tariffs range from more than 16 percent to over 47 percent, and have been in place since 2021 when Mosaic filed a countervailing duty case. The Commerce Department’s International Trade Administration and the International Trade Commission are assessing whether the duties are still necessary as the fees are up for a five-year sunset review.
Reports say that Nutrien, one of the largest U.S. producers, said it’s time to lift the tariffs. The company now says that based on evolving global phosphate supply and demand dynamics since 2021, removing the tariffs would be a constructive step to support U.S. farmers and agricultural productivity.
-NAFB