Trump Threatens to End Cooking Oil Trade with China
President Donald Trump has accused China of deliberately halting purchases of U.S. soybeans, calling the move an “economically hostile act.” He warned that Washington may terminate trade involving cooking oil and other goods as retaliation.
Why Cooking Oil?
Trump argued that the U.S. is capable of producing its own cooking oil and does not need imports from China. He linked the threat directly to Beijing’s decision to cut back on U.S. agricultural purchases, particularly soybeans, which form the basis of vegetable oil production.
Trade Tensions Rise
The announcement adds to the ongoing U.S.-China trade dispute, which has already seen clashes over tariffs, export controls, and accusations of unfair practices. China has shifted much of its soybean imports to Brazil and Argentina, reducing reliance on the United States.
Market Concerns
Analysts warn that halting cooking oil trade could disrupt global agricultural markets and escalate tensions further. Investors have already reacted to Trump’s remarks, seeing them as a sign of worsening trade frictions between the two largest economies.
