Trade frictions dampen exports of dairy products

WASHINGTON - The ongoing trade frictions initiated by the United States have had a significant impact on US dairy product exports, a US dairy industry expert said.

If the disputes do not end soon, the US will lose more than $1 billion as well as a lot of farmers, Jaime Castaneda, senior vice-president of the US Dairy Export Council, said in a recent interview.

The US dairy industry, which has become increasingly dependent on foreign markets after years of shrinking domestic consumption, has been stung by the trade disputes provoked by Washington.