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Federal Reserve Banks in the Midwest are reporting the renegotiated trade agreement between the U.S., Mexico and Canada is of little use to the dairy farmers President Donald Trump insisted on helping.
The Minneapolis Fed reported that "a substantial number of dairy operations have exited the business since the beginning of the year."
President Trump had pressed hard to get Canada to make concessions to American dairy farmers as part of the renegotiation of the North America Free Trade Agreement.
Here's the system Canada uses to protect its dairy farmers and why Trump hates it Canada's protectionist dairy policies and why Trump hates them
1:59 PM ET Fri, 19 Oct 2018 | 06:05
The renegotiated trade agreement between the U.S., Mexico and Canada is of little use to the dairy farmers President Donald Trump insisted on helping, Federal Reserve banks in the Midwest are reporting
Gains from the new agreement are seen as "too small and too far in the future to help dairy farmers," the Chicago Fed reported in the central bank's periodic report on economic conditions across its 12 districts. Read more
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