Escalating trade war between the US and China is set to impact the global dairy market
- ZISK
- Apr 16
- 1 min read
Tariffs remained the number one subject on a lot of people’s minds last week, particularly those in the dairy industry as the Trump Tariff Tit for Tat was changing almost by the hour.
Tariffs were increased on all trading partners of the U.S. and response was almost immediate, with some countries reciprocating, while others asked for further negotiation, prompting Trump to drop the tariffs back to the 10% level Wednesday and postpone the bigger increases for three months for about 75 countries.
The bellwether Standard and Poor’s 500 gained over 8% in minutes. Crude oil went from $4.00 lower on the day to $2.00 higher. Things reversed direction the next day. And, in the ongoing game of chicken with China which increased its tariffs to 125% on U.S. goods, Trump responded, raising China’s tariffs to 145%.
By Lee Mielke
April 15, 2025
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