Here’s A List Of Dairy Products Impacted By New Chinese Tariffs
The trade war between the U.S. and China hit new highs recently when China announced additional tariffs on more than $60 billion of U.S. goods. U.S. dairy products were not immune to the tariffs imposed last summer, and it appears that they were not left out of the wide swath cut by this new round tariffs either. However, it appears that little has changed from previous tariff announcements.
"Just lactose, infant formula, and casein are being hit with higher retaliatory tariffs," says Nate Donnay, director of dairy market insight with INTL FCStone. "Retaliatory tariffs on the other major products are unchanged."
Below is a list of products and expected tariffs, generated from information provided in a USDA GAIN Report:
While China has imported a significant amount of dairy products during the first quarter of 2019, the U.S. has been largely left out of the market. This is due to Chinese tariffs imposed on U.S. goods last summer. Since the tariffs went into effect in July 2018, the U.S. Dairy Export Council says dairy volume to China has fallen 43%.