Trade War Impact

Rick Worthington

Trade has grabbed headlines over the past couple of weeks.

Kent Bacus is the National Cattlemen's Beef Association Director of International Trade, and says they support the President, and his intentions to make trade a fair deal for America's Farmers and Ranchers.

Chinese factories are losing export orders and laying off workers as the trade war with the United States exacerbates an economic slowdown that started earlier this year.

Growth in output from China's huge manufacturing sector slumped last month to its lowest level in more than a year, according to the results of a survey of hundreds of companies published Monday.

The latest purchasing managers index survey, conducted by media group Caixin and research firm Markit, fell to 50.6 in August from 50.8 in July. Any reading above 50 indicates growth, but August showed the slowest rate of acceleration in 14 months.

China is one of the world's fastest growing major economies, but it has begun to slow down this year, and signs of further weakness are spreading.