Canada is vowing to fight back against U.S. President Donald Trump’s sweeping tariffs that went into effect Tuesday, and potash could become a potent weapon in the growing trade war — but economists are urging caution.
Potash is a key ingredient in fertilizer, and roughly 85 per cent of the supply used by American farmers comes from Canada — particularly Saskatchewan, where potash is a major export market.
U.S. farming groups and even some Republicans aligned with Trump have called for potash to be exempted from the blanket tariffs out of concern for the agricultural industry.
Ontario Premier Doug Ford told reporters Tuesday that Saskatchewan Premier Scott Moe should consider no longer selling potash, uranium and oil to the United States and instead find different markets.
“We need to make sure America feels the pain,” Ford said. “Without potash down there, (the U.S.) doesn’t have a farming system.”
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Prime Minister Justin Trudeau, while announcing a …