3. SOUNDBITE (English) Dave Daniels, dairy farmer: "Was a little disappointing because of their talks that they had this last couple weeks and then President Trump wants to put more tariffs on some of the products coming into the US. It still is advantageous that they're going to meet in September."
4. Wide of farm
++NOTE SHOTS 2, 4 OVERLAID WITH AUDIO++
5. Various of brand new calf
6. SOUNDBITE (English) Dave Daniels, dairy farmer:"The last three or four years has been a challenge because the pricing structure for milk has been on a down, downside. We've got a little bit more supply than what we have for demand so it would be better if we had increased demand and better trade pacts would do that. So we are struggling to a certain extent. But hopefully 2019 is bringing us some better prices."
7. Various of cows
++NOTE SHOTS 5,7 OVERLAID WITH AUDIO++
8. Various of cows being milked
9. SOUNDBITE (English) Dave Daniels, dairy farmer: "We try to decrease our expenses as much as we can. So we have a better margin and we can make some money."
++NOTE SHOT 8 OVERLAID WITH AUDIO++
10. Various of calves
11. SOUNDBITE (English) Dave Daniels, dairy farmer: "It's a little frustrating to think that maybe we're bigger than what we really are. I mean we're just one vote. I'm just one vote I guess. But it's it's, it is the rural vote that helped President Trump get into office and I think that's what China's trying to play that and move them against him."
++NOTE SHOT 10 OVERLAID WITH AUDIO++
12. Daniels with calf
13. SOUNDBITE (English) Dave Daniels, dairy farmer: "He has helped the farmers with the MFP payments and such to, to help us maybe with a little more income. But I think as long as they can keep talking I guess I am, I'm happy about that but we'll see what happens in the next few months."
China decided Monday to meet President Donald Trump's latest tariff threat with defiance, letting its currency drop to an 11-year low and halting purchases of U.S. farm products.
The moves, which came four days after Trump threatened more taxes on Chinese imports, knocked stock markets worldwide into a tailspin.
Raising worries that China will wield its currency as a weapon in a trade war, Beijing let the Chinese yuan weaken to the politically sensitive level of seven to the U.S. dollar for the first time since February 2008.
Also Monday, China's official Xinhua news agency reported that Chinese companies have stopped buying U.S. farm products — a direct shot at Trump supporters in rural America.
Together, the currency devaluation and suspension of farm purchases suggest that China has decided to stand tough, rather than cave in Trump's threats.
The U.S. and China are engaged in a bitter dispute over allegations that Beijing steals trade secrets and pressures foreign companies to hand over technology as part of an aggressive campaign to make Chinese companies world leaders in advanced technologies such as artificial intelligence and quantum computing.
The Chinese are well aware of the pain the trade war is causing American farmers, a loyal part of Trump's political base. Their retaliatory tariffs on $110 billion in U.S. products targeted soybeans and other key agricultural products. To ease the pain in rural America, Trump has rolled out two packages of farm aid worth a combined $27 billion.
Dave Daniels, who voted for President Trump, has 575 dairy cows at a farm in Kenosha County, Wisconsin. He says he's frustrated to be a political pawn but he's happy the two sides are still talking. He says the trade war so far hasn't affected his support for President Trump, but "We'll see what happens in the next few months."