President Donald Trump has included potash among the minerals that need an immediately ramp up in US production. That’s unlikely to significantly break America’s reliance on fertilizer imports.
The US gets roughly 90% of its potash — used in the production of corn and soybeans, the nation’s two biggest crops — from other countries. Most of that comes from neighboring Canada, the top producer. US potash production accounts for less than 1% of the country’s total demand, according to Corey Rosenbusch, chief executive officer of the Fertilizer Institute.
Veda Partners Director of Economic Policy Henrietta Treyz, discusses how some of President Trump’s most loyal supports are likely to be impacted by his trade policy and offers her take on critical budget talks set to commence on Capitol Hill. Henrietta speaks with Tom Keene and Paul Sweeney Bloomberg Radio. (Source: Bloomberg)
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