EU Trade Chief says European Commission will propose most-favoured-nation tariffs on Ammonia, Urea and, where necessary other fertilisers

• Will issue guidance to allow temporary suspension of carbon border tax on certain goods, such as fertilisers.

The EU's proposal for most-favoured-nation tariffs on ammonia and urea, along with a potential suspension of the carbon border tax for fertilizers, could signal a shift in trade policy aimed at supporting domestic agricultural sectors. This move may impact the pricing of these commodities and could also influence currency flows between the EUR and USD as market participants assess the implications for competitiveness and inflation. Investors should monitor how this affects the broader trade landscape and any responses from trading partners.