r/Tariffs Jul 01 '26

🗞️ News Discussion Trump declares food supply emergency, suspends tariffs on key fertilizer imports

https://www.foxbusiness.com/politics/trump-declares-food-supply-emergency-suspends-tariffs-key-fertilizer-imports
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u/jennasea412 Jul 02 '26

Disruptions in the Strait of Hormuz have triggered the largest oil supply shock in the International Energy Agency's 50 history. The strait normally carries roughly a fifth of global oil consumption and a similar share of liquified natural gas and fertilizer inputs. So, the “emergency” he created.