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10/1/2018, 2:48 PM (Source: TeleTrader)
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New USMCA deal sends strong signal to world - Navarro

The newly agreed United States-Mexico-Canada Agreement (USMCA) sends a strong sign to the world that the US is no longer its "piggy bank," Director of the White House National Trade Council Peter Navarro told CNBC in an interview on Monday.

"When countries come to the table and bargain fairly, we sign deals. Trump has basically declared that we will no longer be the piggy bank of the world. We are free traders. All we seek is free and reciprocal trade," Navarro stated.

Earlier today, US President Donald Trump praised the trade agreement, stressing the deal wold solve many problems and rectifies mistakes of the NAFTA agreement.

Breaking the News / BM