The high price of fertilizers is a bigger emergency than the cost of solar panels, argued Sen. Roger Marshall, R-Kan., and six other Republican senators and U.S. Representative Tracey Mann, R-Kan., and 23 other Republican House members in a letter asking President Joe Biden to intervene in antidumping and countervailing duty cases on phosphate fertilizer from Morocco and a preliminary decision on a trade remedy case on urea ammonium nitrate fertilizer from Trinidad and Tobago.
The Office of Foreign Assets Control has issued one new and three updated general licenses related to Russia alongside an update to OFAC's Frequently Asked Questions and a Food Security Fact Sheet, according to a July 14 notice.
A listing of recent Commerce Department antidumping and countervailing duty messages posted to CBP's website July 14, along with the case number(s) and CBP message number, is provided below. The messages are available by searching for the listed CBP message number at CBP's ADD CVD Search page.
International Trade Today is providing readers with the top stories from last week in case they were missed. All articles can be found by searching on the titles or by clicking on the hyperlinked reference number.
Of the top 15 exports from Russia last year to the U.S., three were already banned and only two of the others will see its tariff rate hiked to 35%, the rate President Joe Biden announced during his trip to Europe.
The U.S. and the EU said they have made progress convincing other countries not to impose export restrictions on critical food supplies after an initial spike in the measures due to Russia’s invasion of Ukraine. But leaders are still struggling to help Ukraine export its food supplies to the rest of the world, officials said, and they don’t expect that issue to be resolved anytime soon.
The chairwoman of the Senate Appropriations subcommittee highlighted in her opening remarks Congress' directive to the U.S. trade representative to establish an exclusion process for Section 301 tariffs. But when Sen. Jeanne Shaheen, D-N.H., tried to ask USTR Katherine Tai about how her office is "working to comply with this directive," Tai evaded the question and talked about the deliberations in the administration on whether there should be a partial rollback of the tariffs on the vast majority of Chinese imports.
Sen. Sheldon Whitehouse, D-R.I., is proposing a limited carbon tax on firms that are dirtier than average in about a dozen industries, and a carbon border tax on imports in those industries that are also above those benchmarks. The fee would start in 2024, for fossil fuel producers, refiners of petroleum products, petrochemicals manufacturers, fertilizer producers, hydrogen producers, adipic acid processors, cement producers, iron and steelmakers, aluminum producers, glass producers, pulp and paper plants, and ethanol producers. According to a press release from Whitehouse.
Sen. Sheldon Whitehouse, D-R.I., is proposing a limited carbon tax on firms that are dirtier than average in about a dozen industries, and a carbon border tax on imports in those industries that are also above those benchmarks. The fee would start in 2024, for fossil fuel producers, refiners of petroleum products, petrochemicals manufacturers, fertilizer producers, hydrogen producers, adipic acid processors, cement producers, iron and steelmakers, aluminum producers, glass producers, pulp and paper plants, and ethanol producers. According to a press release from Whitehouse.
Four Republican senators, led by Roger Marshall of Kansas, asked U.S. Trade Representative Katherine Tai "to develop and begin executing a strategic plan for the long-term stability of fertilizer trade," because China, Russia and Belarus are unreliable trading partners for phosphates and potash. In a May 31 letter, the senators said the antidumping duties on Moroccan phosphates and the pending tariffs on urea ammonium nitrate from Trinidad and Tobago are only making the crunch worse. "Currently, 36% of the global tradable supply of phosphate fertilizers is not subject to U.S. duties," they wrote. "To believe these problems are only short-term is short-sighted. Even if the war in Ukraine would end tomorrow, our relations with Russia will take decades to heal and may never be the same. Western countries with fertilizer supply problems will be competing for fertilizer from 'friendly' countries."