Tag Archives: U.S.

A coalition of U.S. dairy groups is urging the Trump administration to reach a trade agreement with Japan quickly. More than 70 dairy groups and companies sent a letter to Trade Representative Robert Lighthizer and Agriculture Secretary Sonny Perdue this week asking the administration to finalize a strong trade deal with Japan quickly.

The coalition, including the National Milk Producers Federation and U.S. Dairy Export Council, say Japan is an established market with a growing demand for dairy products. The letter states that a robust trade agreement with Japan “will bring a much-needed boost to the economic health of the U.S. dairy industry.”

The letter says the Japan-EU agreement and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership have allowed the European Union, New Zealand and Australia to position themselves to take sales from the U.S. dairy industry. The U.S. exported $270 million in dairy products to Japan in 2018. Once the trade deals are fully implemented, the U.S. risks losing $5.4 billion in total export sales.

Tariffs are now costing the U.S. up to $6 billion a month, according to Tariffs Hurt the Heartland. The trade group says American businesses and consumers paid $6 billion in tariffs in June 2019, one of the highest tariffed months in U.S. history.

The June figure is up 2.5 billion, or 74 percent, from the same month last year. The data, compiled from the U.S. Census Bureau, is the first look at the impact of the escalation of tariffs on $200 billion of Chinese goods from 10 to 25 percent in May. The data comes days after President Trump announced yet another round of tariffs on an additional $300 billion in goods, which are set to take effect September 1. China responded to by stopping purchases of U.S. ag products.

Tariffs Hurt the Heartland spokesman Jonathan Gold says the tariffs are “costing American jobs, raising prices, hurting farmers and derailing U.S. economic growth.” In total, American taxpayers have paid over $27 billion in extra import tariffs since the trade war began.