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Ernst Pushes to Stabilize Fertilizer Markets, Bring Phosphate Production Home

U.S. Senators Joni Ernst (R-Iowa) and Elissa Slotkin (D-Mich.), members of the Senate Agriculture Committee, are working to add phosphate – a critical fertilizer ingredient – to the U.S. Critical Minerals List.

In a bipartisan letter to Secretary of the Interior Doug Burgum, the lawmakers, joined by over 60 of their colleagues, explain that this designation will bring phosphate production home, strengthening supply chains, diminishing our reliance on countries like China, lowering input prices for farmers, and ultimately safeguarding America's food security.

Source : senate.gov

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Canada reaches tariff deal with China on canola, electric vehicles

Video: Canada reaches tariff deal with China on canola, electric vehicles

Canada has reached a deal with China to increase the limit of imports of Chinese electric vehicles (EVs) in exchange for Beijing dropping tariffs on agricultural products, such as canola, Prime Minister Mark Carney said on Friday.

The tariffs on canola are dropping to 15 per cent starting on March 1. In exchange for dropping duties on agricultural products, Carney is allowing 49,000 Chinese EVs to be exported to Canada.

Carney described it as a “preliminary but landmark” agreement to remove trade barriers and reduce tariffs, part of a broader strategic partnership with China.