Kudlow 'very optimistic' on USMCA prospects

Kudlow 'very optimistic' on USMCA prospects
© Aaron Schwartz

The White House's top economic advisor Larry KudlowLarry KudlowMORE on Friday said he was "very optimistic" about the prospects of passing the United States-Mexico-Canada trade agreement in the coming months.

On Thursday, House Speaker Nancy PelosiNancy PelosiSunday shows preview: Justice Ginsburg dies, sparking partisan battle over vacancy before election Trump is betting big on the suburbs, but his strategy is failing 'bigly' Trump orders flags at half-staff to honor 'trailblazer' Ginsburg MORE (D-Calif.) said a deal was "imminent" after months of negotiations between House Democrats and the administration.

Kudlow, referring to Pelosi's remarks, spoke positively about their implications. 

"I read her remarks very optimistically, and I remain very optimistic that this can pass this fall," Kudlow told reporters Friday morning. 

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"I think it's a home run, I think it's going to pass, and I was just delighted to hear her remarks," he added, throwing in praise for Pelosi as "cooperative" and "accommodating."

Democrats have sought stronger enforcement mechanisms and adjustments on labor, environmental and pharmaceutical issues to the deal President TrumpDonald John TrumpUS reimposes UN sanctions on Iran amid increasing tensions Jeff Flake: Republicans 'should hold the same position' on SCOTUS vacancy as 2016 Trump supporters chant 'Fill that seat' at North Carolina rally MORE struck with Canada and Mexico last year.

If approved, the deal would update the North American Free Trade Agreement (NAFTA), fulfilling a key promise Trump made as a candidate.

House Democrats Thursday evening said there were still some issues to be ironed out.

“I wouldn’t say imminent but getting closer,” Rep. Dean PhillipsDean PhillipsShakespeare Theatre Company goes virtual for 'Will on the Hill...or Won't They?' US Chamber of Commerce set to endorse 23 House freshman Democrats Minnesota Rep. Dean Phillips wins primary MORE (D-Minn.) said following a Democratic caucus meeting on the subject.