Trade deficit with Mexico: $64 Billion!!

Discussion in 'World Events' started by See Post, Feb 13, 2007.

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  1. See Post

    See Post New Member

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    Originally Posted By fkurucz

    I just read in a Mexican newspaper (<a href="http://www.eluniversal.com.mx/notas/406485.html" target="_blank">http://www.eluniversal.com.mx/
    notas/406485.html</a>) that trade between Mexico and the US totalled 332 billion, with a surplus in Mexico's favor of $64 billion. This means that we purchased $198 billion of goods from Mexico (a 16% increase) and sold them 134 Billion (an 11% increase).

    According to the article this is the biggest surplus in Mexico's history. Only China, Japan and Canada have larger trade surpluses with the US.

    Given this economic success, one would hope that the Mexodus to the US would at least decrease, but there is no sign of this happening.

    In fgact, the opposite may occur. The price of corn tortillas (a major staple for the poor in Mexico) has nearly tripled in preice thes past few months, provoking near panic in Mexico. Mexican pundits believe that this will fan the flames of the Mexodus.
     
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    Originally Posted By jonvn

    I guess people have been buying a lot of sombreros on Olvera Street.
     
  3. See Post

    See Post New Member

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    Originally Posted By fkurucz

    I would guess that the lion's share of Mexico's exports include:
    Oil
    Produce
    Cement
    Automobiles
    Other manufactured goods
     
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    See Post New Member

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    Originally Posted By jonvn

    And those little wooden marionettes.
     
  5. See Post

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    Originally Posted By CrouchingTigger

    You forgot Mexico's biggest export crop: people.
     
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    See Post New Member

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    Originally Posted By fkurucz

    I did mention the Mexodus in #1
     
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    Originally Posted By DVC_dad

    Hey my housekeeper is from Mexico. Back off! If she was legal I'd have to pay triple at least.
     
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    See Post New Member

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    Originally Posted By DVC_dad

    ^ ^ ^ Doh! Forgot the ;) above.


    Great the INS is going to be knocking at my door tomorrow.
     
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    Originally Posted By cmpaley

    INS doesn't exist anymore. A more apropos name of ICE (as ice-water flowing in veins) is the agency all non-white immigrants fear today.
     

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