US President Donald Trump issued an executive order on 31 March to review the US trade deficit. Last week saw the publication of figures showing that the US trade deficit with Mexico climbed to a near 10-year high in March of US$7.03bn, a 30% increase on the same month a year earlier. When asked about what would constitute a “fair Nafta”, in an interview with The Economist published on 11 May, Trump said that “at some point [we] would like to get it [the trade deficit] at zero, where sometimes we can be up and sometimes they can be up”.
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