Reduced Fertilizer Tariffs Not Swaying Moroccan Exports To US

The Department of Commerce’s decision to reduce the tariff rates on phosphorus imports from Morocco to just over two percent appears to have not affected fertilizer shipments from the West African nation.  Both the country and commodity groups continue to call for a complete removal of the tariffs.  Josh Linville, vice president of fertilizers for StoneX, says even with tariffs lowered from 20 percent, it’s still not economical for Moroccan exporters to send their product here.

Linville adds that he doesn’t see further relief occurring in time for the 2024 growing season.

Josh Linville of StoneX notes that the tariff on fertilizer imports from Morocco surprised trade experts when it occurred three years ago at the request of a major fertilizer manufacturer.  Morocco is considered one of the U.S.’ oldest friends and trading partners, as the country was the first to recognize America’s independence when Sultan Mohammed the Third opened Morocco’s ports to American merchants in December 1777.