UPDATED 12:57 PM PT – Friday, July 12, 2019
White House trade adviser Peter Navarro is confident there is bipartisan support for the USMCA trade deal in Congress.
In an interview Friday, Navarro expressed optimism House Speaker Nancy Pelosi will bring the NAFTA replacement to the floor for approval.
Despite Democrats’ refusal to work with President Trump on several key issues like immigration and health care, Navarro said he expects the trade deal to be approved with “overwhelming support.”
He predicted the passage of the USMCA would have significant impacts on the U.S. economy.
“If we get USMCA passed, if we get a rate cut from Jay Powell, we’re over 30,000 on the DOW and this market continues, this economy continues strong”
The Trump administration plans to send the deal to the House after Pelosi signals she has garnered enough support to pass it.