EVANSVILLE, Ind., Jan. 30 (UPI) -- U.S. dairy farmers could lose $1.3 billion in exports over the next decade unless the Trump administration brokers a favorable trade deal with Japan, a new industry-funded study says.
Japan is currently the fourth-largest export destination for U.S. dairy exports, according to the report released by the U.S. Dairy Export Council. However, Japan currently has favorable trade deals with Australia, New Zealand and the European Union. Those deals will allow those countries to overtake the U.S. in dairy exports in the coming years, the report says.