Lawmakers want a reversal on Russian phosphate duties
Several farm-state lawmakers are asking the Commerce Department to backtrack a plan for Russian fertilizer.
The decision earlier this year would raise the duty on Russian phosphate by more than 40 percent. They say this would be detrimental to U.S. farmers regarding availability and price. U.S. companies have been purchasing Russian fertilizer under the previous tariff rate of around 9.2 percent. The new duty would raise that to 53.29 percent.
Lawmakers even say the lower rate has already shifted trade flows and restricted access.