A dairy market economist says China’s latest increase to retaliatory tariffs on U.S. dairy products should have a marginal impact. Nate Donnay with INTL-FCStone tells Brownfield additional tariffs have been placed on lactose, infant formula, and casein. “With our exports of those products already down from year-ago levels and the relatively small increase on the tariffs on those products, the marginal impact of these new Chinese retaliatory tariffs is going to be pretty small.” He says retaliatory tariffs on dairy products for the past nine months by China and Mexico have declined those exports by almost half since last year but increased exports in other regions have helped markets.
Continue reading Analyst: China woes continue, global dairy demand slows at Brownfield Ag News.
