WASHINGTON—U. S. President Donald Trump’s tough talk on trade with Mexico may have had an unintended effect: Fear of a trade war pushed down the value of the Mexican peso, increased the U.S.’s appetite for now-cheaper Mexican goods, and widened the U.S. trade deficit with its southern neighbor, the opposite of Mr. Trump’s objectives. The U.S. posted a $7 billion trade deficit in goods with Mexico in March, the highest since November 2007, the Commerce Department said Thursday. The $28.1 billion in Mexican products...

Source: Wall Street Journal May 04, 2017 17:11 UTC