Dairy Groups Concerned with Latest Trade Tariffs Placed on Mexico

The National Milk Producers Federation (NMPF) and U.S. Dairy Export Council (USDEC) are both voicing their displeasure with the latest round of trade tariffs placed on Mexico by the Trump Administration. Tariffs have been a concern for dairy producers with all trade partners in the past year. An estimated $2.3 billion in revenue is calculated to have been lost during the first three months of 2019 because of tariffs that lowered milk prices, according to NMPF. Mexico is one of the U.S. dairy industry’s largest trade partners. During the first quarter of this year, Mexico accounted for more than 25% of U.S. dairy exports. The U.S. makes up 73% of the import market to Mexico and shipped $1.4 billion worth of dairy products during the first three months of 2019. “For dairy farmers, renewed turmoil with Mexico also threatens gains made earlier this month, when Mexico dropped retaliatory tariffs against U.S. cheese. Re-escalating trade tensions only harms farmers further, just when they were seeing glimmers of hope,” Mulhern says...MORE

For a more political analysis of this issue listen to the first nine minutes of the Farm Journal's podcast which is embedded below:

 https://omny.fm/shows/dc-signal-to-noise-with-jim-wiesemeyer/will-mexico-be-able-to-satisfy-trump-before-tariff