US-China trade war continues, some American farmers give up planting soybeans

Corn and soybeans are the most profitable crops for American farmers each year. Although many farmers rotate these two crops every season, the ongoing trade dispute with China has even affected the farmers' conventional decision to plant this spring.

Reuters: Approval of new genetically modified products remains a "big problem" in US-China trade negotiations.

President Trump's announcement that a trade agreement between the United States and China could be reached within four weeks came as Reuters quoted two sources as saying that approval of new GM crops remained a difficult issue between the two countries.