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Of and kudlow is making an argument forever. with the united states along with our allies have to use the pressure that we can to make china fly straight. who are our allies in an america first agenda? tpp canada stayed in tpp, they're rocking on without us. mexico? they get their corn from the united states. they're now starting to get some from argentina. soy beans, they're now going to brazil. the beat goes on without us. >> if donald trump is so, you know, upset at china and wants to fight hard against them, his daughter manufacturers her shoes in china. i don't see any action there. china...

China will respond in a new and comprehensive way, who will pay the price to resolutely defend the interests of its country and its people. leland: and caught in the middle are american farmers. >> china is one of the biggest markets for u.s. agriculture including pork and soy beans, which china is targeting in response to the u.s.'s new tariffs and steel and aluminum and tariffs proposed this past week. >> this is one thing keeping an eye on, what's happening out of washington and what's happening with the markets, that directly affects our lifestyle. it affects our pocketbooks are we going t...

It. >> all of that contributed to the roller coaster markets along with this statement from the chinese government. the chinese will fall through to end and won't hesitate to fight back at any cost. we're prepared and formulated detailed counter measures. the measures are where the mid-terms come in play. china is being crafty about trump country. states where soy beans, corn may take a hit not just in 2018 but last i heard, shannon, another election coming in 2020. >> so thank you, ed. some on wall street are calling at this time tariff tantrum. the latest wild swing in the market contributed...

Commodities markets. it's happened in the lean hogs as soon as the tariffs were announced and a precipitous decline in soy beans and every time we say we'll negotiate this position away, the market would rally. so we've seen it priced already and i think there's been some psychological damage to the markets as well. not just here in chicago in the merchantile exchange or the board of trade, but i think look at the dow as well, neil. i think some people in your neck of the woods are concerned as well. neil: i'm more worried for those in your neck of the woods, including you, brian, because i th...

That is the big worry, especially in soy beans. china buys one out of every three soy beans produced and i'm standing in the number one soy bean producing state of illinois. it would certainly be a devastating situation if the tariffs were to go in place and ultimately, our hope is both countries can walk back from the edge of the cliff and work out a solution. neil: do you think that cooler heads will prevail? because what the president arctticulated about china, is this the way to go about it? >> i guess our hope is cooler heads will prevail. the message we hopes the president receives, we u...