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Nutrien Ltd
Symbol NTR
Shares Issued 489,258,826
Close 2025-03-07 C$ 73.40
Market Cap C$ 35,911,597,828
Recent Sedar Documents

Globe says Nutrien sees U.S. cut proposed potash tariff

2025-03-07 08:06 ET - In the News

The Globe and Mail reports in its Friday, March 7, edition that facing pressure from U.S. farmers, President Trump has reduced the proposed tariff on Canadian potash to 10 per cent, down from 25 per cent. The Globe's Kate Helmore writes that this decision was part of an executive order announced Thursday that delays tariffs on Canadian exports under the USMCA until April 2. While the lower rate for potash is a sign of Mr. Trump's responsiveness to agricultural concerns, it still falls short of the full exemption many U.S. agricultural associations sought. U.S. Secretary of Agriculture Brooke Rollins has argued that tariffs will balance trade deficits and therefore help struggling farmers and rural communities, but many U.S. farmers disagree. "The reduced 10-per-cent tariff is welcome, but will still lead to higher fall potash prices," said Veronica Nigh, senior economist at the Fertilizer Institute, a U.S.-based association representing the industry. One of the most powerful interest groups, the American Farm Bureau Federation, responded to the news Thursday calling for a permanent resolution to the trade war. Approximately 85 per cent of the potash used by U.S. farmers comes from Canada, the AFBF said.

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