Investors, bankers and farmers are watching markets following a new layer of complication in the ongoing trade war with China.
The concern follows the president's announced plans to increase tariffs on China beginning next month.
His administration says they're frustrated with the pace of progress.
The president was not satisfied with the progress of the talks. And he indicated in good faith, a very respectful note to President Xi. But we hope to continue the talks in September.
China is now threatening to retaliate.
Trade tensions found their way to the balance sheets of some of agriculture's biggest businesses.
Archer Daniels Midland or ADM announced second-quarter earnings, showing adjusted profits are down 41.
The company blaming a multitude of factors from trade, African swine fever and the wet planting season.
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