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Tags: larrykudlow | tradedeals | usmca | tariffs | gdp

Kudlow: Trade Deals to Boost GDP by .5 Percent in '20

larry kudlow speaks to the press
White House economic adviser Larry Kudlow (Saul Loeb/Getty Images)

By    |   Sunday, 15 December 2019 01:53 PM EST

Saying the "economy is heating up again," White House economic adviser Larry Kudlow projects the recent trade deals will add a half percent onto gross domestic product growth.

"These trade deals are going to be very helpful," Kudlow told Fox News' "Sunday Morning Futures" with Maria Bartiromo. "They're going to reduce uncertainty and probably pick up some important business spending.

"In ballpark numbers, Maria, I would say we will do half a percent better GDP in 2020 than otherwise would have been case."

The House might finally pass the U.S.-Mexico-Canada Agreement (USMCA) next week, which, coupled with the Phase I trade deal with China, will account for about $2 trillion in U.S. trade, according to Kudlow.

"It does show that President [Donald] Trump's example of being a tough, hard-nosed bargainer on trade and economic matters works," Kudlow added. "He's been accused of being an isolationist and every other name around. The fact is he has accomplished stuff  here in the trading area that no one, and I mean no one, in our memory has been able to achieve."

"Tough" gets stuff done, he added.

"I kinda like tough, myself" he said. "And I think tough is working and, incidentally, tough is going to increase our economic growth rate next year and the years ahead."

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Politics
Saying the "economy is heating up again," White House economic adviser Larry Kudlow projects the recent trade deals will add a half percent onto gross domestic product growth....
larrykudlow, tradedeals, usmca, tariffs, gdp
214
2019-53-15
Sunday, 15 December 2019 01:53 PM
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