US-China tensions heat up as Trump threatens to block cooking oil imports

Contributing sentiments towards policy:

60% : " China has been the leading export market for US-grown soybeans, but has almost totally stopped buying in recent months as trade relations have deteriorated.
60% : The two leaders are set to meet in South Korea, in their first face-to-face meeting since Trump returned to power in January.
57% : "As an example, we can easily produce Cooking Oil ourselves, we don't need to purchase it from China.
50% : Trump said in a post on his Truth Social platform that the latest trade tussle with China over soybeans represents "an Economically Hostile Act".
50% : This presents awkwardness for Argentina as its president Javier Milei is a close international ally of Trump's, and the two men met on Tuesday - just as Trump was preparing his cooking oil threats.
50% : There are two key moments coming up that will define the next phase of the US and China's cold war over trade.
50% : One is the meeting between Trump and Xi Jinping, set for later on in October, which US treasury secretary Scott Bessent insists is still going ahead in spite of the trade tensions.
48% : He said: "We are considering terminating business with China having to do with Cooking Oil, and other elements of Trade, as retribution.
16% : Donald Trump has threatened to cut off all imports of cooking oil from China, in another escalation of the war of words over trade between the world's two largest economies.

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