Kudlow: New trade deals should boost economic growth by half percentage point

White House economic adviser Larry KudlowLawrence (Larry) Alan KudlowMORE said Sunday that the Trump administration's new trade deals should boost U.S. economic growth by half of a percentage point.

Kudlow told host Maria BartiromoMaria Sara BartiromoTrump defenders argue president can't be removed for abuse of power Trump lawyer: Abuse of power, obstruction articles 'have not fared well' Cruz: Hearing from witnesses could extend Senate trial to up to 8 weeks MORE on Fox News's  “Sunday Morning Futures” that the U.S.-Mexico-Canada Agreement (USMCA) and the first phase of the China trade agreement exemplify the White House's “pro-growth” priorities. 

“I think that ... these trade deals are going to be very helpful,” he said. “They're going to reduce uncertainty and probably pick up some important business investment spending.”


Kudlow said the trade deals with Mexico, Canada and China cover more than $2 trillion dollars worth of trading activity.

He added that he thinks the USMCA will pass “handily.”

Speaker Nancy PelosiNancy PelosiClinton says Zuckerberg has 'authoritarian' views on misinformation Trump defense team signals focus on Schiff Trump legal team offers brisk opening defense of president MORE (D-Calif.) and President TrumpDonald John TrumpKaine: Obama called Trump a 'fascist' during 2016 campaign Kaine: GOP senators should 'at least' treat Trump trial with seriousness of traffic court Louise Linton, wife of Mnuchin, deletes Instagram post in support of Greta Thunberg MORE came to an agreement on the USMCA last week after working on it for months, as the impeachment inquiry loomed in the background. Trump and Chinese officials also announced a "phase one" trade deal Friday.

Kudlow also praised President Trump’s strategy of being aggressive in trading agreements. 

“Not only is this positive for economic  growth, but it does show that President Trump’s example of being a tough, hard-nosed bargainer on trade an economic matters works,” he told Bartiromo.