(CNSNews.com) The United States ran a merchandise trade deficit of $5,243,300,000 with Mexico in September, according to newly released data from the U.S. Census Bureau.
That completes 22 straight years in which the United States has run monthly merchandise trade deficits with Mexico.
The last time the United States ran a merchandise trade surplus with Mexico was September 1994—when the U.S. ran a $4,700,000 bilateral surplus with its southern neighbor.
The U.S. Census Bureau has published monthly figures on the export and import of goods to and from Mexico going back to January 1985. In the 31 complete calendar years that have passed since then (1985 through 2015), the United States has run merchandise trade surpluses with Mexico in four years and deficits in 27 years.
Three of those years that the U.S. ran a surplus—1991,1992,1993—were before the North American Free Trade Agreement took effect. The fourth year the United States ran a merchandise trade surplus with Mexico—1994—was the first year NAFTA took effect.
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As of today, that might just change!
ReplyDeleteSomething tells me all that is about to change.
ReplyDeleteNot for long!
ReplyDeleteYou remember Trump saying we will build a wall and Mexico will pay for it? Well this is how it's done. Cash in the chips or stop trading with Mexico. It's that simple.
ReplyDeleteMexico can't afford most of what we make. That's why they're now making so much of it.
ReplyDeleteTrump might find that sending jobs to Mexico, keeps them from illegally entering our country for jobs. His anti-immigration policies might put him in a conundrum. Hey, I'm a Trump man! Its just for every job that goes to Mexico, and produces a cheaper product for American consumption, is a job that they don't come here to take from us (illegally).
ReplyDeleteThats what i dont get with NAFTA and the great sucking sound going south why do they still come here? They have the factoies and jobs.
ReplyDelete5:57.....its because of CRIME in their country.
ReplyDelete