Trade War Means U.S. Dairy Is Missing Out on China’s Demand Boom
America’s dairy farmers, already struggling with falling milk consumption and low prices, are missing out on a rare demand boom thanks to Donald Trump’s trade war with China. Dairy consumption is on the rise in China, where consumers are eating more pizza, having more wine and cheese nights and drinking more milk. While the outlook for demand in the country is “really bullish,” the U.S. is losing out to rival suppliers because of the trade dispute, said John Wilson, chief fluid marketing officer officer at Dairy Farmers of America. U.S. dairy exports to China dropped 54% in the first half of 2019 due to tariff retaliations, according to Alan Levitt, vice president at the U.S. Dairy Export Council. Relations need to be normalized so that the U.S. can be competitive again with New Zealand and the European Union, Wilson said. US GDP AND CORES SALES EXPECTED TO FALL
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Trump’s aggressive, mixed signals on China whiplash Wall Street
President Donald Trump’s aggressive stance and often mixed signals in his trade war with China are taking a toll on the shares of U.S. companies that are most reliant on the world’s second largest economy. US MARKET STAYS CAUTIOUS
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