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Cornell economist Charles Nicholson warned that tariffs on Chinese, Canadian and Mexican goods, combined with mass deportations and lower food spending, could cut U.S. dairy farm profits by $6 billion over four years. Trump had said after his inauguration that he would impose 25% tariffs on Mexico and Canada from February 1 and a 10% tariff on China.
Retaliation from major U.S. dairy export markets would reduce export demand and pressure U.S. milk prices.
news.cornell.eduSherrie NegreaJan 1, 2025After 49 past bearish trade events, Milk (Class III) moved a median -0.3% over 5 sessions (39% higher; middle half -4.7% to +1.5%), and -0.4% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
