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.
Comment left by TK Wallace at Wall Street Journal
Read the article http://www.wsj.com/articles/investors-bolt-mexico-as-peso-enters-free-fall-1484130602
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