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 BartiromoKudlow: New trade deals should boost economic growth by half percentage point Top Republican: Democrats’ weekend document dump shows impeachment inquiry is a ‘farce’ Nunes: ‘Sickening’ that Schiff obtained his phone records 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: The President is a tough negotiator and it is working for Americans https://t.co/npYaevAYtf @SundayFutures @FoxNews @larry_kudlow
— Maria Bartiromo (@MariaBartiromo) December 15, 2019
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 PelosiTrump-Pelosi trade deal creates strife among progressives Trump: Pelosi’s teeth were ‘falling out of her mouth’ during press conference Schiff: I ‘hope to hell’ I would have voted to impeach Obama if he had committed same actions as Trump MORE (D-Calif.) and President TrumpDonald John TrumpDems want tougher language on election security in defense bill Five aides to Van Drew resign ahead of his formal switch to GOP The myth of the conservative bestseller 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.
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