20 May 2019 --- The makings of a “trade war” between the US and the EU are brewing after the Office of the United States Trade Representative (USTR) announced it is considering levying additional tariffs on European products, including dairy, valued at approximately US$21 billion. While butter, cheese and yogurt imports account for a small percentage of US supply, and EU exports to the US represent a small percentage of European output, additional tariffs on selected European dairy exports to the US will create winners and losers in the latest trade saga, a new Rabobank report claims.
