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Shining Light on Farm & Food Policy for 20 Years.
Wednesday, November 20, 2024
The United States is consulting again with Canada over complaints that the country is manipulating its dairy import quotas and restricting access to its market, but U.S. senators are now demanding the Biden administration take the next step of calling for a second dispute panel under the U.S.-Mexico-Canada Agreement.
The U.S. still only has a relatively small slice of the Chinese market but American whey, skim milk powder, cheese and other products are reaching new highs as China recovers from the COVID-19 pandemic and African swine fever.
New forecasts for strong production, uncertain demand, high stocks, weaker prices and higher feed costs paint an “unsettled” outlook for the U.S. dairy sector in 2021, according to a new USDA report.
China, despite economic woes and its battle with COVID-19, is buying more foreign dairy this year, but the increased imports are doing far less for U.S. producers than the industry had hoped for after the “phase one” trade pact went into effect in February.
Chinese importers have been applying for — and getting — tariff exemptions to buy U.S. dairy products as a result of the “phase one” trade agreement, U.S. Dairy Export Council CEO Tom Vilsack tells Agri-Pulse.
Japan agreed Wednesday to cut or eliminate tariffs on $7.2 billion worth of U.S. ag commodities and erect new quotas under a trade deal that U.S. President Donald Trump and Japanese Prime Minister Shinzo Abe signed Wednesday.
U.S. dry whey, a key component in swine feed, is just one of the 16 U.S. commodities the Chinese Finance Ministry will exclude from tariffs beginning Sept. 17, according to a Wednesday announcement.
U.S. dairy exporters are losing money as they try to maintain their hard-won footholds in the Chinese market amid the rising tariffs resulting from President Donald Trump’s trade war.
