# Economist: Dairy industry could take a hit from tariffs | Cornell Chronicle

> 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.

- Date: 2025-01-01 · published 2025-01-01T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/6088-economist-dairy-industry-could-take-a-hit-from-tariffs-cornell-chronicle
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Retaliation from major U.S. dairy export markets would reduce export demand and pressure U.S. milk prices.

## Read by commodity

- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2018-09-06 | [Global dairy prices take a hit \| 2018-09-06  \| Dairy Foods](https://feedsoft.ai/events/63186-global-dairy-prices-take-a-hit-2018-09-06-dairy-foods.md) | -2.5% | -4.5% |
| MILK | 2018-07-05 | [NMPF Expresses Concern about Impact of Mexico, China Tariffs on Dairy - NMPF](https://feedsoft.ai/events/4973-nmpf-expresses-concern-about-impact-of-mexico-china-tariffs-on-dairy-nmpf.md) | -6.8% | -2.6% |
| 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 | 2025-05-01 | [Whey Takes a Hit as Tariff Tensions with China Escalate](https://feedsoft.ai/events/25286-whey-takes-a-hit-as-tariff-tensions-with-china-escalate.md) | +2.0% | +1.3% |
| 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% |

## Sources

- news.cornell.edu: https://news.cornell.edu/stories/2025/01/economist-dairy-industry-could-take-hit-tariffs

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