Stocks making the biggest moves premarket: Bank of America, Morgan Stanley, ASML, Papa John’s and more
Premarket Movers: Bank Earnings, Trump Trade Threats Drive Early Market Action Financial Giants Lead Premarket Surge Bank of America shares…
Tag: Soybean
Trump Considers Cutting Trade Ties with China Over Cooking Oil, Soybean Disputes
U.S. President Donald Trump announced potential trade cuts with China, targeting cooking oil and other goods as retaliation for reduced soybean imports. This move escalates ongoing disputes over tariffs, technology, and geopolitical issues.
In a recent social media statement, U.S. President Donald Trump revealed that Washington is evaluating the termination of certain trade relationships with China, specifically mentioning cooking oil and other trade elements. Trump framed China’s decision to slash U.S. soybean purchases as an “Economically Hostile Act,” emphasizing that the U.S. could produce cooking oil domestically without relying on Chinese imports. This development underscores the deepening trade rift between the two nations, which has been fueled by disagreements over tariffs, technology, and broader geopolitical tensions.