US EditionTrump threatens China with cooking oil embargo over soybean snub
President Trump plans to retaliate against China's $12 billion soybean purchase boycott by possibly banning Chinese cooking oil imports, escalating trade tensions between the two countries.
- On Oct. 14, President Donald Trump warned the U.S. could stop buying cooking oil from China in retaliation for its halt on U.S. soybean purchases, signaling broader trade retribution.
- After tariffs imposed earlier, China stopped buying U.S. soybeans in 2025, and Trump’s import taxes triggered tit‑for‑tat duties between the two countries.
- Data show the United States received 1.27 million metric tons of used cooking oil from China in 2024, about 43% of China's exports, while Trump said the U.S. can produce its own supply though replacement speed is unclear.
- Trump announced an additional 100% tariff on Chinese goods from November, adding to existing 30% tariffs, while Beijing said it was ready to 'fight to the end' and accused the U.S. of double standards.
- For U.S. farmers, soybeans were the top export at about $24.5 billion, with roughly $12.6 billion bought by China in 2024, while Farm Action warned growers face mounting financial strain.
121 Articles
121 Articles
News Dakota
WWBLTrump Threatens to End Chinese Cooking Oil Purchases
(NAFB.com) – President Donald Trump injected fresh tensions into the relationship between China and the U.S. by stating that he might stop trade in cooking oil with the Southeast Asian nation. Bloomberg said the U.S. President described the potential move as retaliation against China for its refusal to buy American soybeans, calling it an “economically hostile act” that’s purposefully causing U.S. soybean farmers great difficulty. Trump said the…
Why these unexpected stocks are skyrocketing by double digits today as Trump’s China tariff war heats up
Shares of stocks linked to agriculture, soybeans, and cooking oil are up on Wednesday after President Donald Trump said that the U.S. was considering “terminating business with China having to do with Cooking Oil and other elements of Trade” as retribution against Beijing for refusing to buy American soybeans. Pinnacle Food Group Limited (Nasdaq: PFAI) stock was up over 77%, Sadot Group Inc. (Nasdaq: SDOT) was up over 87%, and Australian Oilseed…
President Donald Trump said Tuesday that China’s decision to stop buying soy from the United States is a “hostile act” and announced that, in retaliation, it will stop importing cooking oil from its rival. Trade tensions between the world’s two largest economies were revived in Trump’s second presidency, with reciprocal tariff threats on both sides. “We are considering ending our business with China in terms of cooking oil, and other trade eleme…
Iowa Senator reacts to threatened ban on Chinese cooking oil imports - Radio Iowa
Senator Chuck Grassley says Iowa plants that produce soybean oil will benefit if President Trump follows through on a threat he made on social media last night. China hasn’t purchased any U.S. soybeans since May and Trump said he may seek “retribution” by blocking U.S. imports of Chinese cooking oil. Presidents have the power to […]
The US president thus intends to counter the cessation of American soy purchases by Chinese traders. Beijing, for its part, recalls that customs disputes "does not serve the interests of anyone".
Coverage Details
Bias Distribution
- 39% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
