China Reacts to Latest Trump Trade Threat Over Cooking Oil
Summary
China responded to President Trump's threat to end trade of cooking oil and other products by stating that trade wars do not benefit anyone. Trump accused China of not buying American soybeans, calling it an "Economically Hostile Act," and suggested possible termination of business with China.Key Facts
- President Trump threatened to end trade with China involving cooking oil and others.
- Trump accused China of not buying U.S. soybeans, impacting American farmers.
- China stated its position that trade wars do not have winners and harm everyone.
- A Chinese foreign ministry spokesperson emphasized resolving issues through dialogue.
- The U.S.-China trade war reignited after China imposed new limits on rare earth exports.
- Trump proposed a 100 percent tariff on Chinese goods as a consequence of recent issues.
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