Trump GONE MAD as $3 Billion U.S. Milk Shipment Rejected – How Carney Stuns U.S. Farms?

Summary

This video delves into the devastating impact of Canada's 300% tariff on US dairy products, especially cheese, which has triggered a trade war affecting American farmers, producers, and consumers. With US dairy exports rejected by Canada, aging and near-expiration products flood the domestic market, misleading consumers about quality and origin. The crisis, exacerbated by a lack of government intervention, is not just economic—it's a breakdown of public trust in the supply chain and government leadership. The video highlights the broader implications for US agriculture, consumer safety, and international relations.

Takeaways

• 😀 The recent tariff dispute between Canada and the United States has severely impacted the US dairy industry, with tariffs as high as 300% on dairy products.
• 😀 Canada imposed a 300% tariff on US cheese and other dairy products in retaliation for the US breaching the dairy export quota under the USMCA deal.
• 😀 Over 200 containers of American cheese, valued at nearly $3 billion, were rejected by Canada and sent back to the US, leading to significant losses for US farmers and producers.
• 😀 These rejected products, mostly aged or near-expiry goods, were dumped into the US domestic market at steep discounts, creating a false impression of good deals for consumers.
• 😀 The US dairy industry is suffering from massive surpluses and plummeting prices, with some farmers resorting to dumping milk due to an inability to sell their products.
• 😀 The White House has remained silent on the issue, leaving American farmers and consumers to bear the brunt of the crisis without meaningful support or intervention.
• 😀 Canadian dairy products are subject to strict regulations that ensure quality, with rigorous checks for hormones, antibiotics, and ethical production, contrasting with the lax standards in the US market.
• 😀 The crisis has led to an erosion of trust in the US food supply chain, with consumers unknowingly purchasing potentially substandard products that were rejected by other markets.
• 😀 The financial losses from the tariffs have reached $7 billion, and experts warn that the US dairy industry could collapse within 6 to 12 months if no significant intervention occurs.
• 😀 The situation is worsening as other countries, such as the European Union, Japan, and Australia, are considering retaliatory tariffs on US dairy products, further isolating the US from global trade.

Q & A

What is the main concern discussed in the video regarding US-Canada trade relations?

The main concern revolves around Canada's imposition of a 300% tariff on US dairy products and its impact on the US dairy industry, leading to significant financial losses, surplus dairy products flooding the US market, and a loss of public trust in the supply chain.

How did the 300% tariff on US dairy products affect the US dairy industry?

The 300% tariff caused US dairy products, including cheese, butter, and milk, to be rejected by Canada, turning them into unsellable waste. This created massive financial losses for farmers and producers, and the surplus products flooded the US market, often at steep discounts.

What was the state of the US dairy industry before the tariff imposition?

Before the tariff, the US dairy industry was already struggling with surplus production and declining market prices, with many small dairy farms in states like Wisconsin facing financial challenges.

What are the main reasons behind Canada's strict dairy policies?

Canada's dairy policies are rooted in a supply management system that dates back to the 1960s. This system regulates production, prices, and imports through quotas and tariffs to protect domestic farmers and maintain the integrity of the industry.

What role did the USMCA play in the dairy dispute between the US and Canada?

Under the USMCA, the US was allowed to export only 3.6% of Canada's dairy market without triggering heavy tariffs. When the US exceeded this quota by ramping up cheese exports, Canada imposed a 300% tariff, which led to the crisis.

What has been the impact of the tariff on consumers in the US?

Consumers in the US have been impacted by the influx of discounted cheese products that were previously rejected by Canada. While these products may seem like a bargain, they are often nearing expiration, and some may not meet international safety standards.

How did the tariff and surplus affect American supermarkets and major retailers?

Supermarkets like Walmart, Target, and Kroger have been flooded with heavily discounted cheese. However, many consumers are unaware that these products are near expiration, previously rejected by international markets, and may not meet the quality standards they expect.

What is the broader economic impact of the tariff on the US dairy sector?

The broader economic impact includes $7 billion in losses for the US dairy industry, with costs rising for corporations, warehouse fees increasing, and widespread job losses in dairy farming, particularly in key states like Wisconsin.

How has the White House responded to the dairy crisis and the tariff imposition?

The White House has remained largely silent on the issue, with no meaningful response, relief plan, or negotiation with Canada. This has led to frustration in the industry, which has called for urgent intervention.

What are the potential long-term consequences if the dairy industry continues to suffer?

If the US dairy industry continues to suffer, it could lead to the collapse of many small dairy farms, further erosion of consumer trust, and possibly a complete restructuring of the US dairy supply chain. This crisis could also set a precedent for future trade relations with other nations.