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Shining Light on Farm & Food Policy for 20 Years.
Thursday, November 21, 2024
Wall Street veteran Howard Lutnick, an outspoken proponent of President-elect Donald Trump's tariff policy, has been picked to head the Commerce Department and take a leading role in the incoming administration's trade policy.
A bipartisan group of lawmakers is following the lead of some of the nation's most influential farm groups, which banded together earlier this month to ask the Commerce Department to reduce or eliminate the duty on key imports of phosphate fertilizers from Morocco.
Dozens of national and state agricultural groups are beseeching the Biden administration to consider high fertilizer costs that are weighing down farmers as the International Trade Commission and Commerce Department weigh their options on continuing to levy duties on imports of Moroccan phosphate products.
A key Moroccan fertilizer company, bolstered by rising calls from farmers and lawmakers for more supplies of imported phosphate products, sees a pathway back to the U.S. market potentially in time for spring application season.
Eleven farm-state Republican lawmakers from the Senate and House are asking the Commerce Department to reverse a preliminary decision that would significantly raise the countervailing duty on Russian phosphate fertilizer.
The Commerce Department has issued final rulings that Russia and Trinidad and Tobago unfairly subsidize exports of urea ammonium nitrate fertilizer, which is dumped in the U.S. at below market prices.
The U.S. International Trade Commission is considering finalizing the process of slapping duties on key foreign sources of urea ammonium nitrate fertilizer, but three GOP lawmakers are urging the agency to reverse course out of consideration for U.S. farmers, who are dealing with widespread inflation and supply chain disruptions.
The U.S. exported $177 billion worth of agricultural commodities in 2021, firmly besting the record in 2014 by about 15% and overshadowing 2020 totals by 18%, according to new data released by the Commerce Department.
