Trump threatens to end cooking oil purchases from China
AFP | Washington
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US President Donald Trump slammed China's halt of American soybean purchases as an "economically hostile act," warning Tuesday that his country could in turn stop buying cooking oil from the world's second-biggest economy.
"We are considering terminating business with China having to do with Cooking Oil, and other elements of Trade, as retribution," Trump said on his Truth Social platform.
His comments online, however, came shortly after he appeared to soothe rising temperatures between Washington and Beijing."We have a fair relationship with China, and I think it'll be fine. And if it's not, that's okay too," Trump told reporters at the White House.
Trade tensions between the world's two biggest economies have reignited in Trump's second presidency, with tit-for-tat duties reaching triple-digit levels at one point.
In an interview with the Financial Times on Monday, US Treasury Secretary Scott Bessent slammed Beijing, accusing it of seeking to harm the global economy following China's sweeping new export controls in the strategic field of rare earths.
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