Trade War

The announcement comes amid criticism of farm subsidies, which exceed revenue Trump has taken in from tariffs on Chinese imports.

Corn and soybeans—the crops that have been hardest hit by the tariffs—are typically used for animal feed, not human consumption.

Concerns are rising that the two nations could be on the verge of a "new cold war."

The Trump administration is touting the most recent GDP growth number, but not everyone is convinced it will last.