ALBUQUERQUE, N.M. — New Mexico’s dairy industry is caught in the crossfire of President Donald Trump’s global trade wars.
When the U.S. pulled the trigger on Chinese imports through newly imposed tariffs last May, the U.S. dairy industry took a direct hit from return fire on two fronts.
China slapped 25 percent retaliatory tariffs on all U.S. dairy products. And Mexico imposed a 25 percent tariff on U.S. cheese in response to Trump’s tariffs on steel and aluminum.
The casualties are piling up. Agricultural research firm Informa Economics projects more than $1 billion in lost income nationwide this year as export markets tighten and dairy producers earn less for their products.
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