However, has there been any progress on other trade deals? With the markets swinging up and down during Monday's trading session, what is happening?
AgDay and U.S. Farm Report reporter Betsy Jibben has the story.
The latest monthly trade data has been tabulated – for August – and U.S. beef trade continued its impressive performance with monthly exports up 9 percent and year-to-date export totals up 14.2% year over year.
The White House announced after the markets closed Thursday that Trump had instructed the Office of the United States Trade Representative to consider whether $100 billion of additional tariffs would be appropriate.
President Donald Trump orders USTR to consider imposing tariffs on an additional $100 billion in Chinese imports, raising concern the world’s two largest economies were hurtling toward a full-blown trade war.