Economic policy

People raise a glass and celebrate in Parliament Square as the bell known as Big Ben strikes 2300, and Britain ends its transition period and formally leaves the European Union in London, Thursday, Dec. 31, 2020. Due to the coronavirus pandemic and the restrictions on gatherings people were moved on by police if they met in any number .(AP Photo/Matt Dunham)

FILE - In this Aug. 26, 2020 file photo, a farmer discs over a corn field on at a farm north of Woodward, Iowa. The corn was damaged beyond salvage by the recent derecho. Thanks to the government paying nearly 40% of their income, U.S. farmers are expected to end 2020 with higher profit than 2019 and the best net income in seven years, the Department of Agriculture said in its latest farm income forecast. Farmers faced challenges throughout 2020 that included the impact of trade disputes; low prices that drove down cash receipts and weather difficulties. (Bryon Houlgrave/The Des Moines Register via AP File)

FILE - In this Thursday, Jan. 30, 2020 file photo, Pro-EU supporter Peter Cook unfurls a Union and EU flag prior to a ceremony to celebrate British and EU friendship outside the European Parliament in Brussels. Eleven months after Britain’s formal departure from the EU, Brexit becomes a fact of daily life on Friday, Jan. 1, 2021. (AP Photo/Virginia Mayo, File)

UK chief trade negotiator David Frost looks on as Britain's Prime Minister Boris Johnson signs the EU-UK Trade and Cooperation Agreement at 10 Downing Street, London Wednesday Dec. 30, 2020. The U.K. left the EU almost a year ago, but remained within the bloc’s economic embrace during a transition period that ends at midnight Brussels time —- 11 p.m. in London — on Thursday. European Commission President Ursula von der Leyen and European Council President Charles Michel signed the agreement during a brief ceremony in Brussels on Wednesday morning then the documents were flown by Royal Air Force plane to London for Johnson to add his signature. (Leon Neal/Pool via AP)

Followed by a staffer, Senate Majority Leader Mitch McConnell of Ky., right, leaves the Capitol for the day, Tuesday, Dec. 29, 2020, on Capitol Hill in Washington. (AP Photo/Jacquelyn Martin)

A currency trader walks by the screen showing the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room in Seoul, South Korea, Tuesday, Dec. 29, 2020. Stocks rose Tuesday in Asia after closing at record highs on Wall Street. Japan’s Nikkei 225 index breached a nearly 30-year high after President Donald Trump signed a $900 billion economic aid package on Monday, helping to staunch uncertainty as governments reimpose pandemic restrictions to fight rising coronavirus caseloads. (AP Photo/Lee Jin-man)

FILE - In this Nov. 15, 2020, file photo provided by the North Korean government, North Korean leader Kim Jong Un attends a meeting of the ruling Workers' Party Politburo in Pyongyang, North Korea. Kim is facing the toughest challenges of his nine-year rule. His country’s fragile economy was battered this year by pandemic-related border closings and natural disasters. He’s also likely concerned about President-elect Joe Biden’s expected new approach on North Korea. (Korean Central News Agency/Korea News Service via AP, File)

A colleague wears a Christmas hat as European Union chief negotiator Michel Barnier, center, carries a binder of the Brexit trade deal during a special meeting of Coreper, at the European Council building in Brussels, Friday, Dec. 25, 2020. European Union ambassadors convened on Christmas Day to start an assessment of the massive free-trade deal the EU struck with Britain. After the deal was announced on Thursday, EU nations already showed support for the outcome and it was expected that they would unanimously back the agreement, a prerequisite for its legal approval. (Olivier Hoslet, Pool via AP)

FILE - In this Thursday, Oct. 17, 2019 file photo, an eerial view of Gibraltar rock seen from the neighbouring Spanish city of La Linea, during a general election in Gibraltar. (AP Photo/Javier Fergo, File)

FILE - In this Dec. 12, 2020, file photo President Donald Trump walks on the South Lawn of the White House in Washington before boarding Marine One. Unemployment benefits for millions of Americans struggling to make ends meet were set to lapse at midnight Saturday night unless Trump signed an end-of-year COVID relief and spending bill that had been considered a done deal before his sudden objections. (AP Photo/Patrick Semansky, File)