Oil

US Soybean Trade Group Urges Higher Tariffs on Chinese Used Cooking Oil

As President Joe Biden prepares for new tariffs on China, the National Oilseed Processors Association is advocating for higher levies on Chinese used cooking oil to protect American biofuels production. Concerns have arisen over imports from China potentially undercutting US crops. The White House has not commented on the potential tariffs, which would be part of broader US trade actions against Chinese goods.