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.