In a victory for farmers and a loss for the domestic fertilizer industry, the U.S. International Trade Commission has voted against imposing import tariffs on urea ammonium nitrate from Russia and Trinidad and Tobago.
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Lawmakers and business groups have ramped up pressure on the administration to grant tariff relief to companies reeling from the coronavirus pandemic. The virus also has forced a delay in the start date for USMCA.
Read moreIn response to the all-consuming demands of COVID-19, the administration is considering suspending tariffs, with exceptions. The implementation of USMCA also is on hold.
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President Donald Trump on Monday said he would restore tariffs on U.S. steel and aluminum imports from Brazil and Argentina. He said the countries have been “presiding over a massive devaluation of their currencies, which is not good for our farmers.”
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The U.S. will impose tariffs on about $7.5 million worth of products imported from the European Union.
Read morePresident Donald Trump said Sunday that tariffs on $200 billion of Chinese goods will increase to 25 percent on Friday,
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Canada is threatening new retaliatory tariffs on more U.S. exports if the U.S. tariffs on Canadian steel and aluminum are
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The price of iron ore, the main ingredient in steel, surged to its highest level in almost five years on
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