China’s fertiliser tariffs no big deal for US industry

Bloomberg

China intends to slap duties on US shipments of some fertilisers as part of a $60 billion ramp up in a trade war between the two nations. The good news for US producers is the move is unlikely to have any significant impact on their business.
It’s “no concern,” RBC Capital Markets analyst Andrew Wong said in an email. “China mostly only imports potash for fertiliser use, and that comes from Canada.”
The US is a very small fertiliser exporter and very few, if any,
American shipments go to China, Wong said. Mineral or chemical fertilisers containing elements of nitrogen, potassium and phosphorus from the US will be taxed at as much as 25 percent.