Trump targets China cooking oil trade - but sales were already tanking

WASHINGTON/BEIJING, Oct 15 (Reuters) - U.S. President Donald Trump said he was considering terminating some trade ties with China, singling out cooking oil, which traders and analysts said would have little impact as such shipments had already plummeted from China over the past year.

"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.