‘Hostile act’: Trump says considering terminating business with China; threatens to end cooking oil trade - The Times of India
Former U.S. President Donald Trump has signaled the possibility of ending business relations with China, calling it a “hostile act” against American interests. Speaking to supporters, Trump suggested that the U.S. could halt trade in key commodities such as cooking oil if China continues practices he believes harm American workers and industries. The remarks come amid renewed tensions over trade imbalances, intellectual property disputes, and global supply chain challenges. Trump criticized the current administration for being lenient toward Beijing and vowed to take stronger action if he returns to power. His statements have sparked discussions among economists and policymakers about the potential fallout for global trade and market stability. Analysts warn that such moves could raise prices and disrupt industries dependent on Chinese imports, but Trump’s supporters see it as a firm stand for American economic independence.
The Key points
- Trump labels China’s trade behavior as hostile.
- Suggests ending all U.S. business ties with China.
- Threatens to stop cooking oil trade specifically.
- Criticizes current government’s approach to China.
- Promises tougher trade policies if re-elected.
- Raises economic concerns about supply chain impact.
- Economists warn of possible inflation and shortages.
- Supporters praise move as protection for U.S. workers.
- Renewed U.S.-China tension affects global market outlook.
- Highlights Trump’s continued focus on American economic independence.
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