US trade deficit with Mexico hits near 10-year high

The US trade deficit with Mexico climbed to a near 10-year high in March, as the collapse in the peso triggered by Donald Trump’s presidential victory continues to fuel demand for goods made south of the border.

The trade gap in goods with Mexico stood at $7.03 billion in March, a 30 per cent jump compared to the year-ago period and the highest level since October 2017.

Source: Financial Times