The White House has said its agreements with the U.K. and China are starting points, but so far the Trump administration has given up more than it has gained.

The White House backed off from the steepest levies, as the costs of an all-out trade war with China threatened global economic growth.

Farm country voted heavily for Donald Trump last November. Now many farmers are taking a wait-and-see attitude toward the Republican president’s disputes with China and other international markets.

The deal, outlined in a Brazilian government document viewed by Reuters, underscores Brazil's push to strengthen agricultural ties with China as President Luiz Inácio Lula da Silva visits the country, and as rising domestic DDG production fuels the search for alternative markets.

The U.S. and China confirmed a reduction in tariffs the countries previously imposed on each other, but the agricultural community is still concerned about the immediate and long-term impacts.

Progress on US-China trade over the weekend sent stocks soaring on Monday. Some top commentators say tariffs are still a big risk.

MAGA media personalities were quick to celebrate the White House’s announcement that American and Chinese trade negotiators had agreed to a 90-day reduction in retaliatory import taxes.The deal, which was struck after just one weekend of bilateral meetings in Switzerland,

The White House announced a "China trade deal" in a May 11 statement, but did not disclose details. The apparent agreement came together sooner than most observers expected after Trump's 145% tariffs on Chinese imports virtually halted $600 billion in annual trade between the world's two largest economies.