Trump threatens to end cooking oil purchases from China

Trump threatens to end cooking oil purchases from China


In an interview with the Financial Times on Monday, US Treasury Secretary Scott Bessent slammed Beijing, accusing it of seeking to harm the global economy following China's sweeping new export controls in the strategic field of rare earths. China is the world's leading producer of the minerals used to make magnets crucial to the auto, electronic and defense industries. On Tuesday, China said it was ready to "fight to the end" in a trade war with the United States.


Published at: 2025-10-14 21:33:37

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