Global Dairy Markets Face Heightened Uncertainty Following Sweeping US Tariffs

Global dairy markets are facing heightened uncertainty following the sweeping tariffs imposed by the US administration. As part of a broader trade strategy, US President Trump introduced plans on April 2 to implement a 10% baseline tariff across the board, with steep rates for specific countries, including 34% on China, 20% on the European Union, 46% on Vietnam, and 32% on Taiwan.

Mexico and China, two of the largest buyers of US dairy products such as cheese and whey powders, are at the forefront of these concerns. US exports to these markets are expected to decline in the...

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