Larry Kudlow: Canada Should Study Our Deal With Mexico
*By Carlo Versano*
One day after President Trump and Mexican President Enrique Peña Nieto announced the framework for a bilateral trade deal, White House economic adviser Larry Kudlow used the latest U.S.-Mexico agreement "as an example" and told Cheddar it's up to Canada to join the negotiations.
"Canada should study how we put this together," Kudlow said Tuesday during an interview on the north lawn of the White House.
The bilateral framework, which Trump has said may replace NAFTA and what he calls its "bad connotations," was constructed mainly around the auto sector. It will be difficult to enforce without Canada's participation in a trilateral agreement, given various supply-chain complications.
The White House is hoping it can use an agreement with Mexico to force the Canadians back to the table, but it's too early to predict whether that will happen, the National Review's Jack Crowe said Tuesday in a separate interview on Cheddar.
"The optics of them coming to the table at this late stage \[will be\] tough," Crowe said. He added that the administration's positioning of Monday's announcement as a big win may be premature.
Nonetheless, Kudlow said the administration is proud of the progress.
"I don't think a lot of people thought we'd get a Mexico deal," he said.
Peloton is recalling more than 2 million of its exercise bikes because the bike’s seat post assembly can break during use, posing fall and injury hazards.
Cheddar News reporter Ashley Mastronardi tracks the rise of the "mom-fluencer" or working mothers who have left their jobs to become full-time content creators. While not a new phenomenon, experts say the trend has gained momentum since the start of the pandemic.
Volkswagen's annual shareholder meeting was briefly disrupted Wednesday by protests over the company's factory in China's Xinjiang province, with a shouting, topless activist interrupting the speech by CEO Oliver Blume before she was hustled away by security personnel.
The number of Americans filing for jobless claims last week rose to its highest level in a year-and-a-half, though the labor market remains healthy by historical standards.
The process to purchase a home nowadays can be a daunting one, especially with inflation and higher interest rates in tow. Danielle Hale, chief economist at Realtor.com, joined Cheddar News to provide some tips for those looking to purchase a residence in a volatile environment.