Trade Deficits From Bad Deals Cost Americans Billions

In 1991 we had BALANCED trade with Mexico - and for that matter, with Canada as well. Then came NAFTA and SUDDENLY we had a large trade deficits.

Let's look at trade deficits with THREE nations and remember we have "trade agreements" with them - all dollars in billions:

1991 - MX 2.4 surplus, Canada 5.1 deficit, China 12.7 deficit 

1994 - MX 1.5 surplus, CA 13.9 deficit, CN 29.5 deficit

2000 - MX 24.6 deficit, CA 51.9 deficit, CN 83.8 deficit - favored nation by Clinton in '98.

2005 - MX 49.9 deficit, CA 78.5 deficit, CN 202.3 deficit

2010 - MX 66.3 deficit, CA 28.4 deficit, CN 273.0 deficit

2015 - MX 60.6 deficit, CA 15.5 deficit, CN 367.2 deficit

So, from overall deficits with these three nations of 15.4 billion in 1991, we are NOW at 443.4 in 2015. ALL because of "trade agreements" - which would "open their markets to US business".

THEY DON'T HAVE ANY MARKETS, we are the CONSUMING nation. And our treasure has now been exported along with our jobs.
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Comment left by TK Wallace at Wall Street Journal  
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Read the article http://www.wsj.com/articles/investors-bolt-mexico-as-peso-enters-free-fall-1484130602




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