The makings of a trade war between the US and the EU are brewing, according to research by Rabobank.
A recent testimony by Andrei Mikhalevsky, the president and CEO of California Dairies, given at the US House of Representatives underlined the issues facing the US dairy market.
The US government has proposed placing additional import duties on a selection of EU dairy products, as part of a wider range of tariffs worth approximately $11bn.
Under a no-deal scenario, the UK would face the EU common external tariff on any exports sent to the EU, noted the Agricultural and Horticultural Development Board (AHDB) in its newsletter.
EDA chair, Michel Nalet, writes to EU President, Donald Tusk ahead of this critical week for Brexit.
Speaking today the chief executive of Dairy UK, Dr Judith Bryans said: “No matter what your view on Brexit, the industry has not been given the clarity or time it needs to ensure it is ready.”