Sen. Marco Rubio is calling for a free and balanced trading relationship with China. In an interview Thursday, the Florida Republican said the president’s tariffs against Beijing are not undermining free trade because the U.S. has never had free trade with China. As the Trump administration continues to negotiate a ‘phase one’ trade deal with Beijing, Rubio said fixing the trading relationship is not just a “one-time issue.”
A key member of the Federal Open Market Committee said “it will take some time” to see the impact of the bank’s latest interest rate cuts on the U.S economy. In an interview Wednesday, Federal Reserve Governor Lael Brainard said she wants “to monitor and assess how the economy is reacting” to those moves before making any decisions on future monetary policy.
Indonesia and the U.S. may be one step closer to reaching an agreement on a trade preference facility. Commerce Secretary Wilbur Ross made that announcement Wednesday, while speaking to reporters in Jakarta.
The White House says the ball is in Nancy Pelosi’s court when it comes to the USMCA as the deal makes its way through Congress. One America’s Emerald Robinson has more from the White House.