USMCA Watch: Mexico matters more for milk than Canada as dispute floodgates open — Panjiva
Más

Panjiva_research_logo

USMCA Watch: Mexico matters more for milk than Canada as dispute floodgates open

Ags - Meat/Dairy 248 Canada 475 China 2918 Consumer Staples 740 Mexico 847 Tariffs 1771 U.S. 5260 USMCA 456

The U.S. has convened the first dispute panel under USMCA. The panel will consider U.S. complaints regarding Canadian tariff rate quotas for dairy products ranging from milk to ice cream. A wave of other disputes in other sectors are following behind, making this case a potential precedent for negotiations and outcomes. U.S. exports of dairy products to Canada climbed 16.4% year over year but Canada only represented 4.7% of total U.S. exports. The growth was also likely flattered by higher milk prices, shown by a 23.2% surge in milk powder prices in April versus a year earlier. Mexico me...

Copyright © 2022 Panjiva Supply Chain Intelligence, a product offering from S&P Global Market Intelligence Inc. All rights reserved.