USMCA sends strong signal to China: WH
The signing of a new trade agreement between the US, Mexico and Canada sends a strong signal to China that the Trump administration acts, a senior White House official said Tuesday.
Known as the United States-Mexico-Canada Agreement (USMCA), the new agreement was agreed late Sunday night, after more than a year of tough negotiations to revamp a 24-year-old continental trade pact US President Donald Trump had labelled a disaster.
Trump on Monday declared the new pact with Canada and Mexico to be "a great deal" for all three countries, hailing the replacement of the old North American Free Trade Agreement (NAFTA) which he threatened to cancel.
"Honestly, I think it sends a signal to China that we are acting as one and I think that's very good," White House Chief Economic Advisor Larry Kudlow told reporters.
"There is a trade coalition of the willing that is going to fix a lot of broke areas of international trade getting on the same page and cooperating. And that coalition will stand up