Saputo CEO Suggests Canada Eliminate Class 7 Dairy Policy

The video discusses the ongoing trade tensions between Canada and the US over dairy tariffs, focusing on the supply management system in Canada and the introduction of Class 7, which has affected US dairy imports. Lino Saputo, CEO of Saputo, explains the impact of these changes on the market and trade negotiations, including NAFTA, CETA, and TPP. The discussion also covers market cycles, pricing, and the global operations of Saputo, highlighting how tariffs and trade tensions affect the dairy industry.

What is the main issue that US dairy farmers have with the Canadian system?

• Lack of access to Canadian markets

• High tariffs on cheese

• The introduction of Class 7

• Excessive milk production in Canada

Which trade agreement is mentioned as not being a viable option for granting access to dairy solids under NAFTA?

• CETA

• TPP

• USMCA

• WTO

What is the primary reason for the current downturn in dairy prices according to Lino Saputo?

• Increased tariffs

• New trade agreements

• Cyclical market dynamics

• Decreased global demand

How does Saputo mitigate the impact of trade tensions between the US and China?

• By increasing production in China

• By exporting more from the US

• By focusing on domestic markets

• By using platforms in Argentina and Australia

What advantage does Saputo have in servicing emerging markets?

• Higher domestic demand

• Access to cheaper labor

• Ability to buy milk at international prices

• Exclusive trade agreements