Seeing the Invisible Side of a Tariff
Although one number like 25% or 10% can identify a tariff, there is much more we cannot see. A Tariff’s Choices. Looking at tariffs, we can ask if the importer has a choice. Their alternatives can determine the tariff’s impact. Few Choices. U.S. farmers get almost all of their potash from Canada. As a fertilizer that provides crops with potassium, potash boosts yield and quality. With Russia and Belarus the main alternatives, it is likely that we won’t switch to another supplier. With ROW the Rest of the World, Canada is our farmers’ country of choice for their potash fertilizer ….[READ]
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