President Donald Trump has used the $60 billion trade deficit with Mexico to influence his decision in renegotiating NAFTA. WSJ's Gerald F. Seib explains the other factors that paint a complex picture of the relationship between the two countries. Photo: APPresident Donald Trump is betting big that he can harness U.S. strategic and economic heft to press other countries into one-on-one trade deals, a sharp reversal from recent U.S. policy to negotiate sprawling regional agreements that cover broad swaths of the global economy. The strategy reflects the view of a confident deal maker that trading partners will come to the table ready to make enough concessions to Washington to justify...

Source: Wall Street Journal January 27, 2017 02:20 UTC