market that crowds more almonds into the markets that are leftover. so we re concerned about the tariff situation. we re hopeful that it s settled soon. china s already placed their tariffs on almonds. what is the impact you ve seen? so we haven t shipped a lot to china. this year, we haven t booked any shipments to china. doesn t mean they re not going to come. right now, there s a 50% tariff. so they re expensive. the new year is when they re going to begin to see those almonds pile up. as you just heard dave say, they ve had no sales to china this harvest season. they began just two weeks ago. senior administration officials said yesterday that china is not at the negotiating table and there is no end to this trade war in sight. he said very clearly he is concerned. help h he has 50 employees here. this can t go on that much
vaughan, they grow two crops. reporter: yeah. ali and stephanie, we re here because going to china from any. i m going to bring doug. we farm 2,000 acres but 1,000 are currently in soy beans. reporter: what we just heard from the commerce secretary, there does not look like there s an end to the trade war in sight. what is the current price of soy beans? $8 a bushel. what do you need. we need at least $10 to sustain the farming operation. you re a ways off yes. what is the immediate and long-term impact. the immediate is if a person doesn t have crops sold, that storing is about your only
retaliation by beijing. larry kudlow plays down the fears. i know there s some jitters out there. i don t think there s any trade war in sight. just technically, we have taken no actions. you understand that? it s a long process. several months here. we put out papers, we take public comments. we review the public comments. and then decisions will be made. so far no tariffs and no action has been enacted. democratic congressman joe crowley of new york is concerned. i do recognize there s a role for tariffs in our economy. what has been created is a great deal more chaos. people don t know what the president s plan over what mr. kudlow s plan is as we lates to china and the trade war that has begun or initial start of that has begun. i think that s left a lot of americans with uncertainty.
bluffing stage right now. and that s why it s hard to tell. now, china has a lot of vulnerability here too. we buy a lot more of their goods than they buy of ours. so we have some advantage in that respect. they can find alternative ways to hit back. but a trade war really benefits neither country. we have a certain mute mute wal near mutual vulnerability here. china s core interest is steady economic growth and promoting stability. i m sure they don t want a trade war. the real question is how do they view the president. do they think he s bluffing? do they think they can get an agreement that will stick or will he change his mind? we just don t know. rick: one of the newest editions of the president s team, larry kudlow, weighed in on this topic earlier today. i don t think there s a trade war in sight. technically, we have taken no actions. the whole world knows china has