Saturday, February 20, 2016

There are significant trade deficits for the USA due to NAFTA.

...The $2.5 billion (click here) U.S. goods trade surplus with Mexico and $29.6 billion deficit with Canada in 1993 turned into a combined NAFTA goods trade deficit of $177.2 billion by 2013. That’s a 556 percent, or $150.2 billion increase in the combined NAFTA deficit. Not only did goods imports soar under NAFTA, but annual growth in U.S. manufacturing exports to NAFTA partners fell 62 percent below the pre-NAFTA rate....

Re-export (click here)

Re-export controls (click here)

United States Census Bureau - Foreign Trade (click here) - the monies in the chart is not in dollars, it is in millions of dollars. So take the numbers and multiple by $1 million.

Example:

2015 Total

$58,363.70 X $1,000,000 = $58,363,700,000

Over $58 billion dollar deficit with Mexico. I guess there are a couple of ways of looking at it. Either way, however, has been bad news for the USA. These are Wall Street goods. I wonder if the US Census tracks any cottage industries trading across borders, too.