Nashville Standard

United States Senator Bill Hagerty (R-TN) recently appeared on Fox Business with Kudlow to share his insights on President Joe Biden's trade policies, particularly focusing on the need for reciprocity in trade with China and the competitive advantage of the U.S. market.

Hagerty emphasized the importance of reciprocity in trade relations, stating, “It solves so many problems... We should be seeking reciprocity at every turn, and we don’t have it." He highlighted disparities in tariffs, pointing out the need for fair and reciprocal trade terms similar to what President Trump aimed for during his term.

Regarding the competitive advantage of the U.S. market, Hagerty noted, “We can’t forget that we have a huge competitive advantage, and that’s the size of our market." He stressed the significance of leveraging access to the U.S. market and the importance of implementing reciprocity in trade agreements.

Additionally, Senator Hagerty addressed the Federal Reserve's role, urging the institution to remain data-driven and avoid political influences. He expressed concerns about partisanship impacting the Federal Reserve's decisions and emphasized the importance of Chairman Jay Powell maintaining a data-driven approach.

In his discussion on Fox Business, Senator Hagerty provided valuable insights on trade policies and the need for fair and reciprocal trade practices to ensure the competitiveness of the U.S. economy.