American farmer on trade war: 'We're not seeing an end'

A meeting between President Trump and President Xi Jinping to sign a trade deal has been delayed until at least April. In the meantime, farmers are still fighting to offset the effects of the tensions (and tariffs) between the U.S. and China. Mark Watne, president of the North Dakota Farmers Union, detailed these struggles.Among members of his union, “their largest concern comes with the fact that their farm income is off about 50% from probably five, six years ago,” Watne told Yahoo Finance’s First Trade. “We’re not seeing an end to the trade war, and we’re questioning what a so-called win will look like.”President Trump has made it clear that he’s “in no rush” to get the results he wants. While this trade stalemate has been occurring, farmers have suffered major economic setbacks. The Wall Street Journal recently reported that American farmers are filing for bankruptcy “at levels not seen for at least a decade.” Though the trade war is not the only factor, it’s had a significant role.“We’re seeing bankruptcies up by 98%, and farmers are trying to get their operating money put together this spring, and it’s going to be really hard,” Watne said.