U.S. President Donald Trump has accused China of deliberately cutting back purchases of American soybeans and warned of retaliatory measures targeting cooking oil and other trade sectors.
Writing on his social media platform, Truth Social, Trump said Beijing’s actions were ‘economically hostile’ and intended to harm U.S. farmers. He claimed Washington was now considering ending trade with China in cooking oil and ‘other elements of trade’ in response.
‘We can easily produce cooking oil ourselves — we don’t need to buy it from China,’ he said.
According to data from the U.S. Department of Agriculture’s Foreign Agricultural Service, U.S. soybean exports to China dropped from $17.9 billion in 2022 to $12.2 billion in 2024.
Trump added that soybean trade would be among the main issues in a potential meeting with Chinese President Xi Jinping.
The remarks come amid heightened trade tensions between Washington and Beijing. Last week, Trump threatened to impose 100% tariffs on Chinese goods after Beijing expanded restrictions on rare earth exports.
China’s Foreign Ministry responded on Tuesday, urging the U.S. to ‘refrain from threats and pressure’ and instead work towards restoring stable economic ties.
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Donald Trump said Monday that any country doing business with Iran will face a 25% U.S. tariff on all trade with the United States, with the measure taking effect immediately.
Real Madrid have parted ways with coach Xabi Alonso, appointing former defender Álvaro Arbeloa as his replacement.
The UK government will introduce a new criminal offence this week targeting the creation of non-consensual intimate images, Technology Secretary Liz Kendall announced on Monday, amid growing concerns over AI-generated deepfakes.
The United Nations’ top court has begun hearings on whether Myanmar committed genocide against the Rohingya ethnic minority.
Real Madrid have parted ways with coach Xabi Alonso, appointing former defender Álvaro Arbeloa as his replacement.
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Bob Weir, the rhythm guitarist, songwriter and co-founder of the Grateful Dead, has died at the age of 78, his family has said.
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Finance ministers from the G7 and partner nations met in Washington on Monday to discuss a potential price floor for strategic rare-earth metals and ways to secure their supply. Representatives from Australia, Mexico, South Korea and India also attended the talks.
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Apple will use Google’s Gemini artificial intelligence models for its revamped Siri voice assistant later this year, in a multi-year deal that strengthens the tech giants’ partnership and boosts Alphabet’s position in the race against OpenAI.
Donald Trump said Monday that any country doing business with Iran will face a 25% U.S. tariff on all trade with the United States, with the measure taking effect immediately.
Real Madrid have parted ways with coach Xabi Alonso, appointing former defender Álvaro Arbeloa as his replacement.
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