Trump Suspends Tariffs on Moroccan Fertilizer Amid Price Hikes Linked to Iran War

U.S. President Donald Trump has decided to temporarily suspend tariffs on Moroccan phosphate fertilizer as prices rise in the aftermath of the war with Iran.

In a proclamation issued on June 29 (local time), President Trump declared an "emergency regarding the difficulty in ensuring sufficient fertilizer supply to meet U.S. agricultural demand." He announced that tariffs on Moroccan phosphate fertilizer would not be imposed for eight months or until the "emergency" ends.

The proclamation stated that the supply chain for phosphate fertilizer and its raw materials has been "disrupted in recent months due to conflicts in fertilizer-producing regions and trade measures by major fertilizer-producing countries." This is interpreted as a response to the difficulties in transporting fertilizer and raw materials through the Strait of Hormuz during the Iran war, which began in late February and has lasted for over 100 days, leading to a sharp spike in fertilizer prices.

Lowering fertilizer prices is considered a critical issue directly linked to the votes of farmers, a core support base for President Trump, ahead of the November midterm elections that will determine the balance of power in the U.S. Congress.

(Photo: AP, Yonhap News)
※ Please note: This article was translated by AI and may contain errors.