In other news, the Biden administration is imposing sanctions on the perpetrators of Myanmar's military coup. The country will be blocked from accessing $1 billion in assets.
Meanwhile, prosecutors in Fulton County, Georgia say they've opened a criminal investigation of Trump's phone call with Secretary of State Brad Raffensperger pressuring him to change the outcome of the state's election.
Finally, real-time data shows that trade flows are still down significantly a little over a month after the Brexit.
High-frequency data show that freight volumes from the U.K. to the EU were down by about 25% from year-ago levels last week because of Brexit red tape and the impact of the coronavirus, according to the logistics platform Transporeon.
Cabinet Office Minister Michael Gove has disputed claims from the Road Haulage Association that truck cargoes have dropped off dramatically. Despite the last-minute Brexit deal ensuring no tariffs on goods trade with the EU, transporters are complaining about customs forms and long waits at the border.
“The government’s in a weird denial phase,” said Rod McKenzie, managing director of policy and public affairs for the RHA. “If you’re trading with the EU, the paperwork’s difficult, you probably can’t find a customs agent, and your haulage arrangements are probably delayed.”