Why people are talking about the global fertilizer shortage
Prices in the fertilizer industry have been on the rise since the beginning of the pandemic, as supply chain disruptions have decreased accessibility to products which are necessary to produce fertilizers, including natural gas, potash, and other chemicals. Global and regional events have further contributed to supply chain disruptions that are impacting the supply of fertilizer and its inputs.
On 6 August 2020, the US announced that a Section 232 tariff of 10% would again be applied to aluminum imports from Canada, effective 16 August. Whether your company has been following these actions for the past few years or is just now tuning in, TradeMoves is here to help you gain the background needed to understand what Section 232 is and why it is important.