Politics
Trump warns of halting cooking oil imports from China

U.S. President Donald Trump has lashed out at China for suspending American soybean imports, calling the move an “economically hostile act” and warning that Washington could retaliate by halting purchases of cooking oil from the world’s second-largest economy.
“We are considering terminating business with China related to cooking oil and other areas of trade as retribution,” Trump wrote on his Truth Social platform on Tuesday.
His online remarks came shortly after a more measured statement to reporters at the White House, where he suggested that ties between Washington and Beijing remained manageable.
“We have a fair relationship with China, and I think it’ll be fine. And if it’s not, that’s okay too,” Trump said.
Trade frictions between the two economic giants have flared once again during Trump’s second presidency, with both sides imposing heavy tariffs at various points.
In a recent interview with the Financial Times, U.S. Treasury Secretary Scott Bessent accused Beijing of undermining the global economy through sweeping new export restrictions on rare earth materials a key sector in global technology manufacturing.
Trump, meanwhile, said the U.S. must “be careful with China.”
“I have a great relationship with President Xi (Jinping), but sometimes it gets testy because China likes to take advantage of people,” he said. “When the punches are thrown, you have to put up the blocks.”
On Truth Social, Trump added that China’s halt of soybean imports was already hurting American farmers.
According to U.S. government data, imports of animal fats, greases, and processed oils including used cooking oil have surged in recent years, largely driven by the nation’s growing production of biomass-based diesel.
China tariff threat
While tensions between Washington and Beijing have de-escalated from their peak, the truce remains shaky.
After Beijing imposed fresh controls on the export of rare earth technologies and items, Trump said he would roll out an additional 100-percent tariff on the country’s goods from November 1.
And US Trade Representative Jamieson Greer told CNBC separately that this timeline could be accelerated.
“A lot depends on what the Chinese do,” Greer said in the interview, adding that Beijing had “chosen to make this major escalation.”
China is the world’s leading producer of the minerals used to make magnets crucial to the auto, electronic and defense industries.
Bessent told the Financial Times: “This is a sign of how weak their economy is, and they want to pull everybody else down with them.”
Last week, Trump also threatened to scrap a planned meeting with Xi at the Asia-Pacific Economic Cooperation (APEC) summit starting later this month.
China over the weekend accused the United States of “double standards” after Trump’s threat of further tariffs.
On Tuesday, China said it was ready to “fight to the end” in a trade war with the United States.
China says ‘no winners’ in trade war
China said on Wednesday that trade wars had “no winners”, after US President Donald Trump warned that the United States could stop buying cooking oil from the country.
Trump issued the threat Tuesday after slamming Beijing’s halt of US soybean purchases as 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 said on his Truth Social platform.
While tensions between Washington and Beijing have eased from their peak earlier in the year, a truce struck by the leaders remains shaky.
Beijing imposed fresh controls on the export of rare earth technologies and other items last week, leading Trump to warn Friday that he would roll out an additional 100 percent tariff on the country’s goods from November 1.
China’s foreign ministry on Wednesday said trade disputes were “not in the interests of any party” when asked about Trump’s threat on cooking oil, which is used for biofuels including biodiesel and sustainable aviation fuel.
“The two sides should resolve relevant issues through consultation on the basis of equality, respect and mutual benefit,” spokesman Lin Jian told reporters at a regular briefing.
“China’s position on China-US economic and trade issues is consistent and clear,” he added.
The United States was the biggest purchaser of Chinese used cooking oil last year, buying 1.27 million tonnes, a rise of more than 50 percent from 2023.
That accounted for more than 40 percent of Chinese exports of the product, according to the US Department of Agriculture.
Beijing on Wednesday also defended its latest export controls on rare earths as protecting global security, after the European Union’s trade chief Maros Sefcovic said the restrictions were unjustified and called for a response.
China is the world’s leading producer of the minerals used to make magnets crucial to the auto, electronics and defence industries.
Chinese leaders had “made clear their position” on its latest policies, spokesman Lin said.
Controls were implemented “to better safeguard world peace and regional stability and fulfill international obligations such as non-proliferation”, he added.
Politics
French PM survives no-confidence votes after making pension concession


- French PM comfortably survives both no-confidence votes.
- Lecornu offer to suspend pension reform wins him vital support.
- Socialists help Lecornu survive but now want other concessions.
French Prime Minister Sebastien Lecornu survived two no-confidence votes in parliament on Thursday, winning crucial backing from the Socialist Party thanks to his pledge to suspend President Emmanuel Macron’s contested pension reform.
The two motions presented by the hard-left France Unbowed and the far-right National Rally (RN) secured just 271 and 144 votes respectively — well short of the 289 votes needed to bring down Lecornu’s days-old government.
Lecornu’s offer to mothball the pension reform until after the 2027 presidential election helped sway the Socialists, giving the government a lifeline in the deeply fragmented National Assembly.
Despite the reprieve, the motions underscored the fragility of Macron’s administration midway through his final term.
“A majority cobbled together through horse-trading managed today to save their positions, at the expense of the national interest,” RN party president Jordan Bardella wrote on X.
The French bond market remained steady after the back-to-back votes, with the government victory widely expected by investors.
Lecornu faces arduous budget negotiations
By putting the pension reform on the chopping block, Lecornu threatens to kill off one of Macron’s main economic legacies at a time when France’s public finances are in a perilous state, leaving the president with little in the way of domestic achievements after eight years in office.
There are 265 lawmakers in parliament from parties that said they would vote to topple Lecornu, and only a handful of rebels from other groups joined their cause.
If Lecornu had lost either vote, he and his ministers would have had to immediately resign, and Macron would have come under huge pressure to call a snap parliamentary election, plunging France deeper into crisis.
But despite the outcome of Thursday’s votes, Lecornu still faces weeks of arduous negotiations in parliament over passing a slimmed-down 2026 budget during which he could be toppled at any point.
“The French need to know that we are doing all this work… to give them a budget, because it is fundamental for the future of our country,” said Yael Braun-Pivet, the president of the National Assembly and an ally of Macron.
“I am pleased to see that today there is a majority in the National Assembly that is operating in this spirit: work, the search for compromise, the best possible effort,” she added.
After winning the pension concession, the Socialists on Wednesday set their sights on including a tax on billionaires in the 2026 budget, underlining just how weak Lecornu’s hand is in the negotiations.
Political Kryptonite
France is in the midst of its worst political crisis in decades as a succession of minority governments seek to push deficit-reducing budgets through a truculent legislature split into three distinct ideological blocs.
Reforming France’s generous pension system has been political kryptonite ever since Socialist President Francois Mitterrand cut the retirement age to 60 from 65 in 1982.
In France, the average effective retirement age is just 60.7, compared to the OECD average of 64.4.
Macron’s reform raised the statutory retirement age by two years to 64 by 2030. Although that only brings French policy into line with other European Union member states, it chips away at a cherished social benefit beloved by the left.
Politics
Indian refiners prepare to ‘cut Russian oil imports’ after Trump pressure


- Modi assured India will stop buying Russian oil: Trump.
- Russia remains India’s top source of oil imports.
- India says its main goal is to protect consumers.
Some Indian refiners are preparing to cut Russian oil imports, with expectations of a gradual reduction, three sources familiar with the matter told Reuters, with the US pressuring New Delhi to stop buying Russian crude to help end the war in Ukraine.
US President Donald Trump on Wednesday said Prime Minister Narendra Modi had assured that India will stop buying oil from Russia, India’s top source of imported oil.
India said on Thursday the country’s two main goals were to ensure stable energy prices and secure supply.
“It has been our consistent priority to safeguard the interests of the Indian consumer in a volatile energy scenario. Our import policies are guided entirely by this objective,” the foreign ministry statement said in a statement.
The statement did not refer to Trump’s comment about India’s purchases of Russian oil.
Trade-off against steep tariffs
Indian officials are in Washington for trade talks, with the the US having doubled tariffs on Indian goods to pressure New Delhi to reduce Russian oil imports. US negotiators have said curbing those purchases would be crucial to reducing India’s tariff rate and sealing a trade deal.
India and China are the two top buyers of Russian seaborne crude exports, taking advantage of the discounted prices Russia has been forced to accept after European buyers shunned purchases and the US and the European Union imposed sanctions on Moscow for its invasion of Ukraine in February 2022.
“So I was not happy that India was buying oil, and he (Modi) assured me today that they will not be buying oil from Russia,” Trump told reporters during a White House event on Wednesday.
India’s foreign ministry said it was discussing deeper energy co-operation with the United States.
“The current Administration has shown interest in deepening energy cooperation with India. Discussions are ongoing,” foreign ministry spokesperson Randhir Jaiswal said in the statement.
Indian refiners said they have not been formally told by the government about stopping Russian oil purchases, sources said. They declined to be named as they are not authorised to speak to media.
The sources said it would be difficult to immediately stop buying Russian oil as a sudden switch to buying other crudes would drive up global oil prices and threaten to stoke inflation.
In April to September, the first six months of this fiscal year, India imported 1.75 million barrels per day of Russian crude, with its share declining to about 36% of India’s total oil imports from 40% in the same period a year earlier, government data showed.
India’s US crude imports rose 6.8% on year to about 213,000 bpd, making up 4.3% of imports.
The share of Middle Eastern oil in the six months to September 2025 rose to 45% from 42%, the data showed.
Politics
Bangladesh prosecution demands death penalty for ex-PM Hasina


- We demand the highest punishment for her: chief prosecutor.
- Up to 1,400 people killed in clashes in July and August 2024.
- Hasina faces trial in absentia alongside two ex-senior officials.
Bangladeshi prosecution lawyers demanded on Thursday that fugitive ex-prime minister Sheikh Hasina receive the death penalty in her trial for crimes against humanity.
Hasina has defied court orders to return from India, where she fled last year, to face charges of ordering a deadly crackdown in a failed attempt to crush a student-led uprising.
Up to 1,400 people were killed in the clashes between July and August 2024, according to the United Nations.
“We demand the highest punishment for her,” chief prosecutor Tajul Islam told reporters outside court.
“For a single murder, one death penalty is the rule. For 1,400 murders, she should be sentenced 1,400 times — but since that is not humanly possible, we demand at least one.”
The prosecution alleges that Hasina, 78, was “the nucleus around whom all the crimes committed during the July-August uprising revolved”.
She is being tried in absentia alongside two former senior officials.
Her ex-interior minister, Asaduzzaman Khan Kamal, is also a fugitive, while former police chief Chowdhury Abdullah Al-Mamun is in custody and has pleaded guilty.
The prosecution said on Thursday that Kamal should also face the death penalty.
The trial, which opened on June 1, has heard months of testimony alleging Hasina’s role in ordering or failing to prevent mass killings.
“Her goal was to cling to power permanently — for herself and her family,” Islam said.
“She has turned into a hardened criminal, and shows no remorse for the brutality she has committed.”
‘Use lethal weapons’
Prosecutors have filed five charges, including failure to prevent murder, which amount to crimes against humanity under Bangladeshi law.
Hasina’s now-banned Awami League says that she “categorically” denies the charges.
Hasina has a state-appointed lawyer but refuses to recognise the court’s authority.
The trial is in its final stages, with the interim government aiming to steer the Muslim-majority nation of 170 million towards elections in February.
Witnesses have included a man whose face was ripped apart by gunshot during the culmination of the protests.
The prosecution also played audio tapes — matched by police with verified recordings of Hasina — that suggested she directly ordered security forces to “use lethal weapons” against protesters and that “wherever they find (them), they will shoot”.
Hasina, already convicted in July for contempt of court and sentenced in absentia to six months in prison, also faces ongoing corruption cases.
Relatives including her daughter Saima Wazed, who has served as a senior UN official, and her niece Tulip Siddiq, a British lawmaker, also face corruption charges, which they deny.
The daughter of a revolutionary who led Bangladesh to independence in 1971, Hasina presided over breakneck economic growth.
Critics accused her government of unjustly jailing her chief rival, passing draconian anti-press freedom laws, and perpetrating a litany of rights abuses including the murder of opposition activists.
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