By Anushree Mukherjee (Reuters) -Gold prices fell on Friday after notching a record high above the $4,300 an ounce level earlier in the session, after U.S. President Donald Trump said his proposed 100% tariff on goods from China would not be sustainable.

Soybeans were the number one U.S. agricultural export, worth about $24.5 billion and more than half of it was bought by China.

President Donald Trump says China should take a less confrontational approach to his threatened new tariffs, but he's not retreating from his demands

W HEN HE FIRES his trade weapons at China, President Donald Trump often appears to shoot from the hip. Officials in Beijing, by contrast, are said to deliberate much more, convening high-level meetings among ministries and regulators to determine their country’s next steps.

Donald Trump’s tariff war alienated longtime allies and gave China an opportunity to woo the world. Now Beijing’s hardball tactics are sparking a global pushback.

Despite recent assurances that the relationship with China is "fine," the administration continues to ramp up rhetoric surrounding tariff increases.