Treasury Secretary Steven Mnuchin joins FOX Business to discuss passing the USMCA, the enforcement mechanisms within the ‘Phase one’ U.S.-China trade deal and the House-approved spending package to hopefully avert a government shutdown.
Treasury Secretary Steven Mnuchin said there is no doubt the recently signed USMCA deal is better than NAFTA.
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When asked by FOX Business’ Lou Dobbs on Tuesday how he responds to critics who claim NAFTA was better, Mnuchin said “they don’t know what they’re talking about.”
“This deal is so much better than the old deal.”
USMCA IS ‘GOLD STANDARD FOR DIGITAL TRADE’: TRADE CHIEF ROBERT LIGHTHIZER
“This deal is so much better than the old deal,” Mnuchin said on “Lou Dobbs Tonight.” “I think this is gonna add about 50 basis points of growth to GDP. This has all new types of things, all new types of protections.”
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He also praised US Trade Representative Robert Lighthizer, saying he has done “a fabulous job negotiating and closing this deal.”
