President Donald Trump’s State of the Union address to Congress this week may include a review of trade policy. Following a series of initiatives launched in 2018 it is arguably a work-in-progress. The U.S. trade-in-goods deficit, the administration’s key metric for trade policy, reached $872.9 billion in the 12 months to Oct. 31 versus $751.0 billion in 2016. Subsequent data suggests it has increased further – data from seven ports shows imports climbed 14.6% in December while exports fell 9.1%. Passage of USMCA through Congress, the Mexican Senate and Canadian Parl...