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Trump Pauses Tariffs to Aid Farmers | Business and Finance News
Description
Trump just paused tariffs on Moroccan fertilizer — a major win for farmers racing to stock up before planting season. With global shortages fueled by the Iran conflict, the move clears the way for tariff-free phosphate for eight months, hitting key months like August and September. The administration’s goal? Keep food supplies stable. This isn’t the first tariff rollback — echoing earlier farm equipment exemptions — and it’s clearly aimed at easing pressure on American growers. The American Farm Bureau is thrilled, citing that 70% of farmers feared fertilizer affordability this year — a concern the president appears to be addressing.
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