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Podcast: Bloomberg Daybreak: US Edition
Episode: Trump Threatens Chinese Cooking Oil; Shutdown Program Cuts
Description: On today's podcast:1) President Trump said he might stop trade in cooking oil with China, injecting fresh tensions into the relationship between the worldâs two largest economies. Trump on Tuesday cast the potential move as retaliation against Beijing for its refusal to buy American soybeans, which he said âis an Economically Hostile Actâ that is purposefully âcausing difficulty for our Soybean Farmers.â China remains well supplied with the oilseed, largely thanks to South American purchases. 2) President Trump pledged to release a list of federal programs slated for cuts later this week, the White Houseâs latest threat to slash the...