How the US presidential election affected the US dairy market?

Published 2020년 11월 5일

Tridge summary

Farmers strongly support US President Donald Trump due to the significant financial aid his administration has provided to the industry during the pandemic, with 85% planning to vote for him. Despite potential changes in rhetoric, experts believe both Trump and a potential Democratic administration are likely to maintain protectionist policies, particularly towards China, which could benefit the American dairy industry. However, trade disputes with Mexico, Canada, and the EU are also expected to persist, regardless of the election outcome. The US dairy market has faced challenges in 2020, with the pandemic and market consolidation leading to price drops and the collapse of large companies. Despite these challenges, the US Dairy Export Council has been successful in increasing the supply of dairy products, and there is optimism for the recovery of the economy, although it is not expected to be greatly influenced by changes in leadership.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In general, we can say that farmers support the current US President Donald Trump in connection with the unprecedented financial support for the industry. However, no matter who wins the US presidential election, the new administration will continue its protectionist policy towards third countries that generally benefits the American dairy industry, perhaps softening the rhetoric a little if the Democratic Party wins. Farmers are for Trump November 3, 2020 is the official voting day in the United States, the final of the presidential election. According to the BBC, almost half of voters have already voted early, and all opinion polls without exception show that the Democratic candidate Joe Biden is confidently ahead of his rival, the current US President Donald Trump. However, the outcome of the battle is not decided yet. According to the Farm Journal survey, which covered about 5 thousand American farmers, 85% of respondents plan to vote for Donald Trump. This may be due to the ...

Source: Dairy