U.S. President Donald Trump says he is working on a “massive deal” to purchase potash from Belarus.
“The pricing would be for substantially less than we are currently paying to Canada, very good news for our Farmers and Ranchers,” he posted to Truth Social on Monday.
Canada is the leading exporter of potash, shipping about 22.9 million tonnes in 2024, accounting for over 39 per cent of global exports according to the Government of Canada.
The leading destination of Canadian exports of potash is the United States. The U.S. imports nearly 85 per cent of its potash from Canada.
Belarus ranks third in potash production behind Russia and Canada.
In June, Trump told reporters that there is nothing the U.S. needs from Canada. However, U.S. Ambassador Pete Hoekstra said America needs a “tremendous amount of things” including Canadian potash, since there are “not lots of other places that you can get it.”
Canada’s premiers have been at odds about whether to leverage the critical mineral against the U.S. amid trade war tensions.
While Ontario Premier Doug Ford has previously pushed to retaliate against Trump’s tariffs by cutting U.S. access to electricity, oil and other minerals, Alberta Premier Danielle Smith and Saskatchewan Premier Scott Moe said they were concerned about the long-term consequences for those industries.
Canada’s 10 active potash mines are located in Saskatchewan. The province supplies the U.S. with more than 86 per cent of its potash supply from Canada.
Moe has said the province would not support any kind of export taxes or withholding supply for the U.S., as losing its biggest customer would cause job losses, price hikes and a tremendous hit to the local economy.
“The United States of America, most assuredly, would switch to buying potash from other nations around the world. We would lose a long-term customer to some degree,” Moe said.
Smith also echoed Moe in July, when she told reporters oil and potash being used as retaliatory measures is “not going to happen.”
This is a breaking news story. More details to come...
With files from The Canadian Press
