China has significantly reduced imports of US soybeans in response to Trump's aggressive trade war. (Photo: NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed
US President Donald Trump on Wednesday slammed China for holding back purchases of American soybeans amid the trade war and threatened to terminate cooking oil imports.
"I believe that China purposefully not buying our Soybeans, and causing difficulty for our Soybean Farmers, is an Economically Hostile Act. We are considering terminating business with China having to do with Cooking Oil, and other elements of Trade, as retribution," Trump posted on Truth Social.
He said the US can "easily produce cooking oil" to reduce import dependence on China.
Chinese exports of used cooking oil to the US were already