This legislative proposal seeks to significantly reduce the financial burden on American farmers by addressing the cost of phosphate fertilizers. It specifically prohibits the imposition of any duty on phosphate fertilizers imported from the Kingdom of Morocco under sections 122 or 301 of the Trade Act of 1974, with this provision taking effect seven days after enactment. Furthermore, the bill mandates the revocation of countervailing duty orders issued on April 7, 2021, concerning phosphate fertilizers from Morocco, with this change becoming effective four business days after enactment. The Secretary of Commerce is directed to ensure no new duties or cash deposits are collected for these imports, with an exception for duties from administrative reviews completed prior to the effective date. Finally, U.S. Customs and Border Protection is required to refund cash deposits paid by importers for Moroccan phosphate fertilizers within 90 days, excluding those falling under the specified exception.
This legislative proposal seeks to significantly reduce the financial burden on American farmers by addressing the cost of phosphate fertilizers. It specifically prohibits the imposition of any duty on phosphate fertilizers imported from the Kingdom of Morocco under sections 122 or 301 of the Trade Act of 1974, with this provision taking effect seven days after enactment. Furthermore, the bill mandates the revocation of countervailing duty orders issued on April 7, 2021, concerning phosphate fertilizers from Morocco, with this change becoming effective four business days after enactment. The Secretary of Commerce is directed to ensure no new duties or cash deposits are collected for these imports, with an exception for duties from administrative reviews completed prior to the effective date. Finally, U.S. Customs and Border Protection is required to refund cash deposits paid by importers for Moroccan phosphate fertilizers within 90 days, excluding those falling under the specified exception.