China-exposed companies, such as Deere & Company and Caterpillar, have laid off some workers and lowered their sales expectations, in part due to the trade war. “Because the U.S. was willing to compromise with China and not put pressure on them on the most difficult issues, they were able to get positive ground,” she said. The president trumpeted many concessions from China at the signing ceremony and honored the spectators who will benefit from them. It spawned a litany of Wall Street executives, many of whom lobbied for better access to China`s financial services market, including Stephen A. Schwarzman, the managing director of private equity firm Blackstone Group, and Kenneth C. Griffin, the billionaire founder of hedge fund Citadel. He also mentioned executives from Boeing, Citibank, Visa and American International Group, as well as chipmakers Micron and Qualcomm. U.S. farmers are particularly affected by China`s trade threats. [194] In response, the Trump administration`s assistance for the hardships faced by farmers has taken the form of cash payments, supplementary trade agreements, and changes in environmental regulations in favor of corn farmers.

[202] [203] [204] [205] According to the American Farm Bureau, U.S. agricultural exports to China increased from $24 billion in 2014 to $9.1 billion in 2018, including lower sales of pork, soybeans, and wheat. . . .