Hard cheese for American farmers
Donald Trump’s steel and aluminium tariffs may prove to be more destructive than he thought - and the backlash from China, Canada and Mexico is being felt most keenly in the farming state of Wisconsin, dubbed ‘America’s Dairyland’, now seen as the Ground Zero of his trade war
On November 9, 2016, the day after Donald Trump was elected president of the United States, American white cheddar cheese was fetching a relatively robust $1,824 per 500lb barrel. Today, that price has plummeted by a third, to around $1,210. Yet until last month, the demand for American cheese had never been higher. In the first four months of 2018, American farmers exported 83 per cent more cheese than they did in all of 2017. So, what’s going on?
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