Reuters|1 minute read

Trump's Cooking Oil Trade Target: China Sales Already in Freefall

TL;DR

Donald Trump is setting his sights on the cooking oil trade with China, but the reality is stark: sales were already spiraling downward. Here are the key points:

  • Trump's recent threats against China regarding cooking oil highlight a growing trade tension.
  • Sales of cooking oil from China to the U.S. have been on a downward trajectory.
  • American farmers, especially soybean producers, are caught in the crossfire, suffering significant business losses.
  • Reports show that the U.S. has seen a stark decline in soybean exports to China.
  • Industry experts warn of long-term repercussions if tensions escalate further.

Here's the full scoop.

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