'Trade conflicts have no winners': China hits back at US; defends rare earths restrictions

Oct 15, 2025 - 16:00
'Trade conflicts have no winners': China hits back at US; defends rare earths restrictions

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China has retorted to US President Trump's threat of halting cooking oil imports, stating trade conflicts benefit no one. This follows Beijing's suspension of US soybean purchases, which Trump called an "economically hostile act." The US was China's largest customer for used cooking oil last year, highlighting the significant trade ties at stake amidst escalating tensions.

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