Core Points - The U.S. President has labeled China as "economically hostile" due to its refusal to purchase American soybeans, which has led to threats of halting imports of cooking oil and other products from China as retaliation [1][2] - The U.S. administration is considering terminating business relations with China regarding cooking oil and other trade elements, emphasizing the capability to produce cooking oil domestically [3] - China's recent export controls on rare earth elements have prompted a significant escalation in trade tensions, leading to increased tariffs on imports from China [5][6] Industry Impact - Soybeans are a critical agricultural product in the U.S., with cooking oil being one of the main derivatives, alongside animal feed [4] - The U.S. primarily imports cooking oil from Canada, but China is a significant supplier of used cooking oil (UCO) for biofuels, indicating a potential disruption in the biofuel supply chain due to trade tensions [4] - The demand for used cooking oil in the U.S. has surged, particularly as the previous administration aimed to support green transportation initiatives [7]