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The U.S. Congress has enough votes to pass a new trade agreement signed by the United States, Mexico and Canada, and doing so would send a positive signal for stalled U.S.-China trade talks, the chief executive of the U.S. Chamber of Commerce told CNBC on Tuesday.

Thomas Donohue said congressional passage of the U.S-Mexico-Canada (USCMA) trade agreement would help boost the U.S. economy and reassure financial markets, which have been roiled by tit-for-tat tariffs imposed by China and the United States.

“If we came up with a good strong vote on that (USCMA), it would give us a great step forward,” Donohue said, adding his belief that Congress had “enough votes to do it right now.”

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