President Donald Trump says the United States and Mexico are close to reaching a trade agreement that he claims could significantly reduce the U.S. trade deficit. Speaking Monday at a rally in Kansas, Trump suggested the deficit could eventually reach zero, but did not outline the agreement’s terms or identify affected products. U.S. Census Bureau figures show the U.S. trade deficit in goods with Mexico totaled about $155.9 billion from January through August this year, with imports exceeding exports. Reuters said Mexican President Claudia Sheinbaum (SHINE-bahm) has discussed trade negotiations and the review of the U.S.-Mexico-Canada Agreement, but no completed deal has been confirmed. Mexico is a major U.S. trading partner, making the negotiations important to businesses on both sides of the border. For agriculture, the key question is whether any agreement changes tariffs, trade rules, or market access for American farm products. So far, no public details are available to assess those potential impacts.
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