# NMPF Expresses Concern about Impact of Mexico, China Tariffs on Dairy - NMPF

> Mexico imposed retaliatory tariffs of 10-15% on US cheese in June, raised them to 20-25% in July, and China also enacted tariffs on US dairy. The NMPF and USDEC raised concerns about the financial impact on US dairy farms.

- Date: 2018-07-05 · published 2018-07-05T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/4973-nmpf-expresses-concern-about-impact-of-mexico-china-tariffs-on-dairy-nmpf
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Higher tariffs on US cheese in Mexico, the largest market for US cheese exports, reduce export volumes and weigh on domestic milk prices. The phase-in of the Mexican tariffs softens the near-term impact.

## Read by commodity

- MILK: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2018-07-05 | 1 | -5.8% | -7.9 | Mexico's tariffs on US cheese rising to 20-25% in July cut export demand for US cheese, the key driver of Class III prices. |
| MILK | 2018-07-10 | 5 | -7.1% | -3.1 | Mexico's tariffs on US cheese rose to 20-25% in July, reducing export outlets for US cheese and lowering the Class III price outlook. |
| MILK | 2018-07-09 | 5 | -7.0% | -3.2 | Higher Mexican tariffs on US cheese and Chinese tariffs reduce export demand, pressuring cheese-driven Class III prices. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2018-07-31 | [Tariffs taking toll on dairy markets \| Capital Press](https://feedsoft.ai/events/64030-tariffs-taking-toll-on-dairy-markets-capital-press.md) | +5.0% | +6.4% |
| MILK | 2025-03-04 | [Dairy Markets on Edge: Tariffs and Trade Uncertainty Shake Prices - Dairy Herd](https://feedsoft.ai/events/25587-dairy-markets-on-edge-tariffs-and-trade-uncertainty-shake-prices-dairy-herd.md) | -8.9% | -7.7% |
| MILK | 2018-08-24 | [Mexican trade tariffs hurting Va. dairymen - Morning Ag Clips](https://feedsoft.ai/events/63688-mexican-trade-tariffs-hurting-va-dairymen-morning-ag-clips.md) | +9.2% | +7.6% |
| MILK | 2017-06-01 | [News for Dairy Co-ops - May 2017 - NMPF](https://feedsoft.ai/events/4352-news-for-dairy-co-ops-may-2017-nmpf.md) | +4.4% | +1.3% |
| MILK | 2025-01-01 | [Economist: Dairy industry could take a hit from tariffs \| Cornell Chronicle](https://feedsoft.ai/events/6088-economist-dairy-industry-could-take-a-hit-from-tariffs-cornell-chronicle.md) | +8.9% | +8.8% |

## Sources

- nmpf.org: https://www.nmpf.org/nmpf-expresses-concern-about-impact-of-mexico-china-tariffs-on-dairy/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.