Reported 15 days ago
The ongoing trade war between the US and China has escalated as President Trump threatens a cooking oil embargo in retaliation for China's refusal to purchase US soybeans. Once the largest importer of American soybeans, China has not bought any in recent months, while US cooking oil imports from China have significantly dropped due to recent tariffs and tax changes. This conflict raises concerns about the future of trade negotiations and a potential meeting between President Trump and Xi Jinping.
Source: YAHOO