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Washington is looking to fix "chronic" trade imbalances by negotiating trade agreements with the UK, the EU, and Japan, US officials have said. Donald Trump's efforts to cut trade deficit have so far been unsuccessful.
With the clock ticking, the US and Canada have reached a new trilateral trade deal with Mexico. Called USMCA, the pact will create a revamped NAFTA with key sections focusing on auto imports and Canada's dairy market.
Mexico chooses a new strategy ahead of the renegotiation of the North American Free Trade Agreement, as newly elected Mexican President Andres Manuel Lopez Obrador starts to warm up to Donald Trump.
Since helping shape the General Agreement on Trade and Tariffs (GATT) in 1948, the World Trade Organization's forerunner, the US has been at the forefront of trade liberalization. That era appears to be ending.
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