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Story summary
- The European Union plans to propose a temporary suspension of tariffs on ammonia and fertilizers to ease rising costs for farmers.
- The decision follows French Agriculture Minister Annie Genevard's announcement that the Carbon Border Adjustment Mechanism (CBAM) will be suspended for fertilizers.
- European Trade Commissioner Maros Sefcovic said the EU will monitor market impacts and may adjust the CBAM, which is effective January 1.
