The smart way to think about that trade deficit with Mexico - News Summed Up

The smart way to think about that trade deficit with Mexico


(Bill O'Leary/The Washington Post)The U.S. has a 60 billion dollar trade deficit with Mexico. The trade deficit blew up only because our total amount of trade with Mexico ballooned even faster. In 1993, the year before NAFTA was enacted, our total volume of trade with Mexico — imports and exports — stood at about $85 billion. Here's what that looks like, with the net trade deficit plotted on the same chart as imports and exports. Think of it this way: Since 1993, the annual trade deficit with Mexico has grown from essentially zero dollars to $60 billion.


Source: Washington Post January 26, 2017 18:17 UTC



Loading...
Loading...
  

Loading...

                           
/* -------------------------- overlay advertisemnt -------------------------- */