First time I ever heard that China buys much dairy from US.
On the other hand, high tariffs on US dairy (often 50%) imposed by Canada have hurt the dairy industry a lot.
Those tariffs were supposed to be lowered by USMCA, but I don’t know for sure if they will be.
If the treaty addresses that, and results in Canada lowering tariffs, then perhaps we will export more dairy to Canada.
USMCA, after being approved by all 3 countries just gathered dust for about a year until Pelosi finally allowed it to be voted upon. Did that cost tdairy farmers in Wisconsin and elsewhere? Quite possibly.
Well said.
Asians are notoriously lactose intolerant.
There has not been dairy in the mainstream Chinese diet for centuries — no butter, no milk, no cheese, nothing. Ninety percent of the population is said to be lactose intolerant.
Read the CNBC article: https://www.cnbc.com/2020/01/04/us-dairy-farmers-battle-extinction-trump-trade-wars-lower-milk-prices.html
They say the Chinese trust our dairy products more than theirs. Not surprising, I guess.