US President Donald Trump said he is close to closing a trade agreement with Mexico’s government under President Claudia Sheinbaum that would reduce the US trade deficit with the country, possibly to zero. He made the remarks at an electoral rally in Kansas on Monday 19 October.
Trump told the crowd the deficit could be eliminated. “Could you imagine if I told you the deficit could go down to zero?” he said. “We are no longer going to lose 150 billion dollars with Mexico!”
What is known about the deal
Trump addressed Senator Roger Marshall during the rally. He gave no details of the agreement.
He did not say whether the deal relates to the USMCA, known in Mexico as T-MEC, or whether it would affect the ongoing review of that pact.
The deficit at stake
The figure Trump cited was 150 billion US dollars, the size of the trade gap he said the United States would no longer lose.
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