Fertilizer producer Nutrien said on Thursday US President Donald Trump’s proposed tariffs on Canadian imports will increase costs for American farmers.
Trump plans to place a 25% tariff on Canadian imports, which will take effect in March after granting a 30-day extension.
“Frankly, costs of this (tariff) will be borne by the US farmers … the US farmers will likely feel the impact after the spring planting season,” CEO Ken Seitz said during a post-earnings conference call.
Nutrien has assembled a team from various departments to manage tariff-related operations, including duty collection.
Seitz said US farmers will be able to get fertilizer for the upcoming spring planting season. Weather problems in late 2024 prevented some fertilizer applications US farmers planned to do, officials said, leaving more needed in 2025. US farmers are expected to plant 90+ million acres of fertilizer-hungry…
