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 PelosiCapitol riot defendants have started a jail newsletter: report On The Money: Biden asks Congress to extend eviction ban with days until expiration | Economic growth rose to 6.5 percent annual rate in second quarter Top Democrat: 'A lot of spin' coming from White House on infrastructure 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. 

ADVERTISEMENT


"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 TrumpMyPillow CEO to pull ads from Fox News Haaland, Native American leaders press for Indigenous land protections Simone Biles, Vince Lombardi and the courage to walk away 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 PhillipsLawmakers spend more on personal security in wake of insurrection Omar feuds with Jewish Democrats Shakespeare gets a congressional hearing in this year's 'Will on the Hill' MORE (D-Minn.) said following a Democratic caucus meeting on the subject.