Mexico’s trade boom continued for a 10th month in February with a 12% growth in combined imports and exports. Growth in exports modestly outpaced imports with the result that the trade surplus of $1.1 billion was nearly double economists’ estimates. The deficit with the U.S. may actually have narrowed to $5.0 billion from $5.5 billion a year earlier, though that will unlikely change the tone of NAFTA talks. The growth in exports was led by steel (21% higher) and auto (up 18%). Both may have been driven by regulatory uncertainties. The growth in steel may reverse given Mexico has been an ...