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Shares of companies in the cooking oil business continued to climb Wednesday, after President Donald Trump started using oils as leverage in his growing trade spat with China.
The rallies started very late in Tuesday’s session, after Trump took another shot at China President Xi Jinping ahead of an economic summit in Asia later this month. Trump wrote in
a Truth Social post late Tuesday that he was considering “terminating business with China having to do with cooking oil” given China’s refusal to buy American soybeans.
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