Nutrien CEO Ken Seitz says if the U.S. implements widespread tariffs on Canadian goods, American farmers will be hard-hit as they rely heavily on Canada for inputs like potash.
Seitz says Canada supplies more than 80 per cent of the potash used on U.S. farms.
Nutrien says it has attempted to account for the uncertainty of tariffs in its potash sales forecast range for the coming year.
However, it also expects to see fundamentals improve for the potash market in 2025.
Nutrien earned US$118 million in its fourth quarter, down from US$176 million a year earlier.
Sales for the Saskatoon-based company were lower too, totalling US$5.1 billion.
This report by The Canadian Press was first published Feb. 20, 2025.
Companies in this story: (TSX:NTR)
