ExecutiveOrdersEO
Proc 11038ProclamationTrump 47 · R Quiet signal

Proclamation 11038

Declaration of Emergency and Authorization for Temporary Duty-Free Importation of Phosphate Fertilizer From Morocco

Economy & LaborEconomy & LaborTradeTradeDefense & SecurityDefense & Security

In simple terms

President Trump declares an emergency under Section 318 of the Tariff Act of 1930 to authorize temporary duty-free importation of phosphate fertilizer from Morocco for up to 8 months, citing disruptions to global fertilizer supply chains and insufficient domestic production to meet agricultural demand during the upcoming planting season.

Federal Register Open PDF 91 FR 40855

Record & deadlines

  1. Signed

    Signed by the President

  2. FR published

    Published in the Federal Register · 91 FR 40855

    Federal Register PDF

  3. Duty-free importation period expires (8 months from proclamation date)

Market exposure

Policy exposure mapping — not investment advice. Illustrative public companies are incomplete and not recommendations.

Sectors

AgricultureChemicalsShipping & logistics

Mechanisms

TariffBan / prohibition

Role pressure

  • ProtectiveImporter — Duty-free access for Moroccan phosphate fertilizers reduces import costs and removes tariff/deposit burdens under trade remedy laws
  • AdverseDomestic producer — US phosphate fertilizer manufacturers face price competition from duty-free Moroccan imports during critical demand period
  • ProtectiveDownstream manufacturer — Farmers and agricultural operations benefit from lower input costs and assured supply during planting season
  • ProtectiveTrading-partner exporter — Moroccan phosphate producers gain preferential market access and competitive advantage over other foreign suppliers

Geographies

US

Exposure dates

  • — Duty-free importation period expires (8 months from proclamation date)

Illustrative public companies

Curated watchlist matches by sector/role — incomplete; not a recommendation.

MMM3MALBAlbemarleADMArcher Daniels MidlandBASFYBASFBGBungeCATCaterpillarLNGCheniere EnergyCTVACortevaDACDanaosDOWDowDDDuPontFDXFedExLYBLyondellBasellMATXMatsonSQMSQMTSNTyson FoodsUPSUPSZTOZTO Express

Confidence: high · Policy alerts

Key directives

  • Secretary of Treasury and Secretary of Commerce to permit duty-free importation of Moroccan phosphate fertilizers until earlier of 8 months or emergency termination
  • Secretaries to consult with Secretary of Homeland Security before taking action
  • Secretaries to monitor and review emergency circumstances and inform President of need for further action
  • Secretary of Treasury or Commerce to report actions to Congress
  • Supersede inconsistent prior proclamations and Executive Orders

Who is ordered

Prior policy

  • supersedeinconsistent prior proclamations and Executive Orders

What to expect

Immediate

  • Emergency declaration takes effect
  • Duty-free importation authority invoked for Treasury and Commerce Secretaries

Near term (90d)

  • Fall planting season demand surge
  • Monitoring and review of emergency circumstances by Treasury and Commerce

Long term

  • Expiration of duty-free period by February 2027 unless emergency terminated earlier
  • Potential expansion of domestic fertilizer manufacturing capacity

Risks & tensions

  • Temporary relief may delay domestic fertilizer manufacturing investment if extended repeatedly
  • Morocco dependency creates single-source vulnerability despite diversification rhetoric
  • Trade actions by 'major fertilizer-producing countries' referenced but unspecified—uncertainty about retaliatory dynamics
  • Domestic fertilizer producers face competitive pressure from duty-free Moroccan imports during 8-month window
  • Emergency declaration under Section 318 typically for disaster relief; stretching to agricultural supply stability may invite legal challenge
Proclamation 11038: Declaration of Emergency and Authorization for Temporary Duty-Free Importation of Phosphate Fertilizer From Morocco · Executive Orders