Trump mulls ending some China trade ties

US PRESIDENT DONALD Trump said he was considering terminating some trade ties with China, singling out cooking oileven though traders and analysts said such shipments have already spent the past year plummeting.

- REUTERS

“I believe that China purposefully not buying our Soybeans, and causing difficulty for our soybean farmers, is an economically hostile act.We are considering terminating business with China having to do with cooking oil,and other elements of trade, as retribution,’ Trump wrote on social media on Tuesday.

“As an example, we can easily produce cooking oil ourselves, we don’t need to purchase it from China.”