Biden’s Trade Policy, Stimulus Debate, Negative Rates: Eco Day

Welcome to Monday, Americas. Here’s the latest news and analysis from Bloomberg Economics to help you start the day and week:

  • President Joe Biden’s administration is setting up its trade policy to prioritize enforcement of existing commitments by the U.S.’s partners over negotiating more deals to open new export markets
  • Biden and Democratic congressional leaders must decide whether to break the administration’s $1.9 trillion Covid-19 relief proposal into pieces after a scaled-down Republican plan emerged
  • Biden on Sunday withdrew all the spending cuts proposed by former President Donald Trump during his final days in office. The cuts touched virtually every cabinet-level agency as well as federal programs such as the National Endowments of the Arts and Humanities
  • Find the latest high-frequency data for the U.S. economy here
  • The Bank of England is preparing to take a significant step into the debate on whether negative interest rates should be used to stimulate the coronavirus-stricken U.K. economy
  • Factory activity across much of Asia continued to hold up in January even as China’s output showed signs of moderating
  • Finally, here’s what to be on the lookout for in the global economy this week

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