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Trump floats cooking oil ban over China’s soybean cut

Reuters · New
Reuters
Reuters
New

U.S. President Donald Trump said on Tuesday Washington was considering terminating some trade ties with China, including in relation to cooking oil.

Breakdown
  • Trump threatens to block cooking oil imports from China after Beijing reduces U.S. soybean purchases.
  • China has shifted its soybean sourcing from the U.S. to Brazil and Argentina. 36s
  • U.S. farmers, especially in Illinois, are affected by lower prices and rising costs. 44s
  • The U.S. is the largest market for Chinese used cooking oil, but imports have dropped after new tariffs. 1m 7s
International PoliticsEconomy

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