Are dairy gains from new trade deals a reality?

The Trump administration made a flurry of trade announcements throughout July, issuing framework agreements with the European Union, Japan, Philippines, Indonesia, Vietnam, and South Korea.

While these announcements have garnered significant attention and interest, they are initial trade frameworks that will set up further negotiations and hopefully result in more concrete commitments down the line. For the most part, the details of these deals have yet to be fully worked out. The frameworks vary in scope and detail, some cite a limited set of specific agricultural provisions, and others hint at a greater market access scope.

Promising proposals for dairy

Most promising so far for dairy is the United States’ framework with Indonesia. Already U.S. dairy’s seventh largest export market, this deal is primed to eliminate tariffs on approximately 99% of total U.S. exports, and most importantly, recognize U.S. regulatory oversight.

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Shawna Morris

Aug 28, 2025

hoards.com