President Donald Trump on Tuesday threatened to block imports of Chinese cooking oil in retaliation for China’s apparent blockade of soybeans from the United States.
The cooking oil threat was serious enough to make China complain about the dangers of trade wars, without offering much of an explanation for its own actions against the U.S. soybean market.
China was the world’s largest importer of American soybeans until this year, when imports began to trail off amid rising trade tensions. China purchased almost $12.8 billion in American soybeans in 2024.
American soybeans grew considerably more expensive after China hit them with retaliatory…
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