Trump mulls ending some trade ties with China, including in relation to cooking oil
U.S. President Donald Trump announced on October 14 that the U.S. is contemplating ending certain trade relations with China, particularly concerning cooking oil. He accused China of deliberately not purchasing U.S. soybeans, which he views as an economically hostile act. Trump stated that the U.S. can produce cooking oil independently and is considering this move as a form of retribution against China.
WASHINGTON, Oct 14 (Reuters) - U.S. President Donald Trump said on Tuesday Washington was considering terminating some trade ties with China, including in relation to cooking oil.
“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 wrote on social media.
“As an example, we can easily produce Cooking Oil ourselves, we don’t need to purchase it from China.”
