Peter Navarro, one of President Donald Trump's top trade advisors, told CNBC on Monday the last-minute deal to bring Canada on board to replace NAFTA sends a signal that the U.S. won't be the world's "piggy bank" anymore.
Navarro appeared on "Squawk Box" after the U.S. and Canada on Sunday, shortly before a midnight deadline, agreed to a deal to replace the North American Free Trade Agreement.
Canada was left out when the U.S. and Mexico reached a preliminary deal in late August.
Going forward now, the plan is for the leaders of the three countries to sign the NAFTA replacement before the end of November.
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