Kudlow 'very optimistic' on USMCA prospects

Kudlow 'very optimistic' on USMCA prospects
© Aaron Schwartz

The White House's top economic advisor Larry KudlowLawrence (Larry) Alan 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 PelosiOvernight Defense: GAO finds administration broke law by withholding Ukraine aid | Senate opens Trump trial | Pentagon to resume training Saudi students soon Hillicon Valley: FBI to now notify state officials of cyber breaches | Pelosi rips 'shameful' Facebook | 5G group beefs up lobby team | Spotify unveils playlists for pets Hill.TV's Saagar Enjeti on impeachment: 'CNN can see through this nonsense' 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 TrumpLev Parnas implicates Rick Perry, says Giuliani had him pressure Ukraine to announce Biden probe Saudi Arabia paid 0 million for cost of US troops in area Parnas claims ex-Trump attorney visited him in jail, asked him to sacrifice himself for president 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 PhillipsHouse votes to temporarily repeal Trump SALT deduction cap Nearly all Democrats expected to back articles of impeachment First-term Democrats push Amash as impeachment manager: report MORE (D-Minn.) said following a Democratic caucus meeting on the subject.