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(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.
In the years since NAFTA took effect, bilateral trade between the United States and Mexico has increased, but in every month after September 1994, the value of the goods that the United States imported from Mexico has exceeded the value of the good the United States exported to Mexico. As of September 2016, the U.S. had run merchandise trade deficits with Mexico for 264 straight months.
In 1994, the U.S. merchandise trade surplus with Mexico was $1,349,800,000. In 2015, the U.S. merchandise trade deficit with Mexico was $60,662,8000.
In the first nine months of 2016 (January through September), the U.S. merchandise trade deficit with Mexico has been $46,811,500,000.
“The Trans-Pacific Partnership (TPP) is a proposed free trade agreement (FTA) among 12 Asia-Pacific countries, with both economic and strategic significance for the United States,” said the Congressional Research Service in a report published in June. “The proposed agreement is perhaps the most ambitious FTA undertaken by the United States in terms of its size, the breadth and depth of its commitments, its potential evolution, and its geo-political significance.”
In 2015, the United States ran it largest merchandise trade deficit with China—a record $367,172,900,000, according to the Census Bureau. In the first nine months of this year, the U.S. has run a merchandise trade deficit of $257,671,800,000 with China.
a reply to: MisterSpock
And yet, with all that "free" money, mexico is still a 3rd world #hole.
Truely a waste of our prosperity.