The North America trade pact has 'gold-standard type of language' that can be applied to deals with China and other countries, says Rep. Tom Reed. 'Getting this on the books is really critical for the future trade negotiations for America.'
The trade deal between the United States, Canada and Mexico is crucial for future trade agreements and needs to be"put on the books," Rep. Tom Reed, R-N.Y., told CNBC on Thursday.
It has"gold-standard type of language" that can be applied to agreements with China and other countries, he said."Getting this on the books is really critical for the future trade negotiations for America." With the agreement not yet finalized, tariffs are still in place. Last year, President Donald Trump slapped duties on aluminum and steel imports from several nations, including Mexico and Canada.
Reed said he believes there will be a resolution on tariffs."We'll thread this needle, and these tariffs will be something we can take care of and move forward from."
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