United States President Donald Trump says he may end some trade relationships with China in light of the trading partner’s refusal to buy soybeans.
“We are considering terminating business with China having to do with cooking oil and other elements of trade as retribution,” he wrote in a Truth Social post.
“As an example, we can easily produce cooking oil ourselves, we don’t need to purchase it from China,” the post added.
China is the world’s largest importer of soybeans, but recently cut its purchase of U.S. soybeans after the imposition of 100 per cent tariffs on Chinese-made goods on Nov. 1 or sooner.
