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Benzinga
Benzinga
Business
Vishaal Sanjay

Trump's Cooking Oil Comment Wipes Out $450 Billion In Minutes: 'Beijing Will See This As Weakness,' Says China Expert

Washington,,Dc,,On,June,18,,2025.,Us,President,Donald,Trump

President Donald Trump’s comments regarding the U.S. producing its own cooking oil in retaliation against China’s refusal to purchase American-grown soybeans led to a rout in the equity markets within a matter of minutes.

$450 Billion Erased In 7 Minutes

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