Though China announced tariffs on U.S.-made farm equipment, manufacturers Deere, CNH Industrial and Agco face a bigger threat from a North American trade war. The companies’ sales, supply chains and manufacturing sites are enmeshed across the U.

U.S. farmers and various trade groups are very apprehensive about not only the potential negative impacts of tariffs on the U.S. ag sector, but what they do to garner new trade agreements.

Stocks largely recover from an early tumble after Trump confirms one-month delay in imposing tariffs on Mexico. But tariffs on Canada and China remain in play.