President Donald Trump on Monday declared an emergency aimed at protecting the U.S. food supply and temporarily suspended import duties on certain Moroccan fertilizer products.
Under the presidential emergency declaration, phosphate fertilizer imported from Morocco will no longer face tariffs for up to eight months or until the emergency declaration is terminated.
"The proclamation declares an emergency regarding threats to the availability of sufficient supplies of fertilizers to meet America’s agricultural demand," the declaration stated.
"This proclamation will ensure that American farmers have access to a sufficient and timely supply of phosphate fertilizers in the near term to mitigate any significant risks to the domestic food supply."
Read Full Article Here
Trump declares food supply emergency, suspends tariffs on key fertilizer imports
Follow us
Get latest news delivered daily!
We will send you breaking news right to your inbox
