Tags: Financial Markets | Trump Administration | kevin brady | nafta | trade | mexico | canada

Kevin Brady Optimistic About NAFTA's Future

Kevin Brady Optimistic About NAFTA's Future
House Ways and Means Committee Chairman Kevin Brady (Chip Somodevilla/Getty Images)

By    |   Wednesday, 13 June 2018 04:38 PM

Rep. Kevin Brady, R-Texas, is optimistic the Trump administration will be able to close a deal with Canada and Mexico regarding a reworking of the North American Free Trade Agreement (NAFTA) in the coming months.

Brady, who chairs the House Ways and Means Committee, told CNBC on Wednesday he believes the parties are close. 

"I've worked on a lot of trade agreements," Brady said. "I think there's 'close enough' here. I think they ought to be able to close this out in the months ahead."

The lawmaker noted the U.S. economy will see some significant benefits from a new version of NAFTA. President Donald Trump and his team would like the trade deal to be more fair to the U.S. than it is now. If a new agreement cannot be reached, Trump has threatened to withdraw the U.S. from it.

"We think there are some big wins for the U.S. economy in a new NAFTA," Brady said.

"Especially now with tax reform, we're seeing a growing economy, demand for new workers. We think there's a demand for more customers. Free trade done right can help us grow this economy in a major way."

Senate Republicans said earlier this month they would like a new NAFTA deal by Labor Day, which falls on Sept. 3 this year.

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The Trump administration will be able to close a deal with Canada and Mexico regarding a reworking of the North American Free Trade Agreement (NAFTA) in the coming months, according to Rep. Kevin Brady, R-Texas.
kevin brady, nafta, trade, mexico, canada, house ways and means committee
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2018-38-13
Wednesday, 13 June 2018 04:38 PM
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