“Trump threatened to produce vegetable oil in the US instead of buying it from China: the market immediately reacted with a multi-billion dollar dropUS President Donald Trump announced the possibility of producing vegetable oil in the US instead of buying it from China, calling
Beijing’s refusal to buy American soybeans an “economically hostile act.” After this statement, the US market lost $450 billion in
7 minutes.
”, — write: unn.ua
DetailsThe head of the White House, in particular, called Beijing’s decision not to buy American soybeans an “economically hostile act.”
The US can “easily produce vegetable oil itself” and does not need to buy it from China. China has been the largest foreign buyer of American soybeans for many years, but has not bought them since May
Meanwhile, according to media reports, the US market lost $450 billion in 7 minutes after this statement by the US president.
RecallRecently, US President Donald Trump announced the introduction of an additional 100% tariff on Chinese goods from November 1, 2025. This decision is a response to Beijing’s “aggressive stance” on international trade and export controls.
Beijing, in turn, called on Washington to stop the pressure and return to negotiations. China stated that it would not hesitate to take retaliatory measures.
Vance: Trump has many more cards than China13.10.25, 02:16 • 4312 views