President Donald Trump said on Oct. 14 that he is considering ending cooking oil and other goods trade with China as “retribution” for Beijing’s refusal to buy American soybeans during the two nations’ trade war.
“I believe that China purposefully not buying our Soybeans, and causing difficulty for our Soybean Farmers, is an Economically Hostile Act,” Trump wrote on social media.
“We are considering terminating business with China having to do with Cooking Oil, and other elements of Trade, as retribution.”
Trump suggested that the United States could “easily produce” cooking oil domestically, and that it doesn’t need to import the product from China….