{"id":301813,"date":"2025-10-15T17:37:16","date_gmt":"2025-10-15T07:37:16","guid":{"rendered":"https:\/\/www.vibewire.com.au\/?p=301813"},"modified":"2025-10-15T17:37:17","modified_gmt":"2025-10-15T07:37:17","slug":"escalation-of-china-usa-trade-war-moves-to-soy-beans","status":"publish","type":"post","link":"https:\/\/www.vibewire.com.au\/?p=301813","title":{"rendered":"Escalation of China\/USA Trade War moves to Soy Beans"},"content":{"rendered":"\n<p>President <a href=\"https:\/\/www.vibewire.com.au\/?cat=7862\" target=\"_blank\" rel=\"noopener\" title=\"Donald Trump\">Donald Trump<\/a> has threatened a new form of retaliation in the escalating trade war with China, stating that his administration is considering an embargo on Chinese cooking oil in response to Beijing&#8217;s ongoing refusal to purchase U.S. soybeans.<\/p>\n\n\n\n<p>In a post on his Truth Social platform on Tuesday, Trump accused <a href=\"https:\/\/www.vibewire.com.au\/?cat=118\" target=\"_blank\" rel=\"noopener\" title=\"China\">China<\/a> of committing an &#8220;Economically Hostile Act&#8221; by &#8220;purposefully not buying our Soybeans.&#8221;<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>He said that &#8220;terminating business with China having to do with Cooking Oil&#8221; was a form of &#8220;retribution&#8221; he was weighing, adding, &#8220;we can easily produce Cooking Oil ourselves.&#8221; <\/p>\n<\/blockquote>\n\n\n\n<p>The threat is a direct response to the &#8220;soybean snub.&#8221; China, which was historically the top international buyer of U.S. soybeans, has not purchased a single shipment since May amid the simmering trade war. Instead, Beijing has been sourcing the crop from South American producers. <\/p>\n\n\n\n<p>This includes Argentina, which controversially suspended its own export taxes on soybeans on the same day the Trump administration first pledged a major economic aid package to the country. Trump&#8217;s new threat against China came just hours after he met with Argentine President Javier Milei at the White House. <\/p>\n\n\n\n<p>The article adds an important nuance to the cooking oil trade. While Trump threatened to stop buying from China, the U.S. is actually a major importer of used cooking oil from China, accounting for 43% of China&#8217;s record-high exports of the product in 2024. <\/p>\n\n\n\n<p>This latest threat is part of a recent series of erratic remarks from the president that have sent stock markets &#8220;careening up and down.&#8221; <\/p>\n\n\n\n<p>The S&amp;P 500 stock index fell immediately after his social media post on Tuesday. <\/p>\n\n\n\n<p>The move follows a volatile few days in which Trump first threatened a new 100% tariff on Chinese goods in retaliation for Beijing&#8217;s restrictions on rare-earth minerals, only to then post a more conciliatory message over the weekend before issuing this new threat.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Trump accused China of committing an &#8220;Economically Hostile Act&#8221; by &#8220;purposefully not buying our Soybeans.&#8221;.<\/p>\n","protected":false},"author":22,"featured_media":188437,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[35,118,7862,6712],"tags":[18458,11],"class_list":["post-301813","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking-news","category-china","category-donald-trump","category-trade","tag-us-trade-war","tag-usa"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=\/wp\/v2\/posts\/301813","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=301813"}],"version-history":[{"count":4,"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=\/wp\/v2\/posts\/301813\/revisions"}],"predecessor-version":[{"id":301837,"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=\/wp\/v2\/posts\/301813\/revisions\/301837"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=\/wp\/v2\/media\/188437"}],"wp:attachment":[{"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=301813"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=301813"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=301813"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}