Prime Minister Trudeau will host a Canada-U.S. summit amid threat of Trump tariffs – Pique Newsmagazine
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A Republican senator from Iowa is pleading for an exemption for potash if U.S. President Donald Trump triggers a trade war by imposing steep tariffs on Canadian imports.
Chuck Grassley’s agriculture state could be hammered if Trump ultimately moves forward on his plan to impose 25 per cent across-the-board tariffs on all Mexican and Canadian imports, with a lower 10 per cent tariff on Canadian energy.
The 91-year-old Republican blamed inflation under the Biden administration for a 20 per cent increase in farmers’ input costs. A steep levy on Canadian potash — a key component of fertilizer — could be devastating for those farm operations.
“Given these already-high input costs, President Trump should work to protect family farmers by ensuring Canadian potash and other fertilizer products aren’t subject to the threatened 25 (per cent) tariffs,” Grassley said in a statement emailed to The Canadian Press.
More than 80 per cent of the United States’ potash comes from Canada, said the American Farm Bureau Federation. The world’s next largest producers are Russia and Belarus.