Monday, December 1, 2025

U.S. trade with Canada & Mexico has increased while the U.S. has grown faster

See How to Save Trump’s USMCA: The trade deal with Mexico and Canada works well, but there are problems to fix by Mary Anastasia O’Grady. Excerpts:

"The Business Roundtable, a group of over 200 CEOs, noted that “trade with Canada and Mexico supports 13 million American jobs today.” Since July 2020, “Canada and Mexico have invested $775 billion in the United States and there has been a 50 percent increase in two-way trade, totaling $1.9 trillion in goods and services.” The group pointed out that “all three countries have experienced steady economic growth, but the United States has grown faster than Canada and Mexico.”"

"U.S. producers “export more made-in-America manufactured goods to our North American neighbors than they do to the next 12 largest export markets combined, and the two countries purchase one-third of all U.S. agricultural exports."

"the National Association of Manufacturers called the USMCA “the most pro-U.S. manufacturing trade agreement in history.”"

"Mexico may be the worst offender. The U.S. is its largest export market, but it doesn’t play by the USMCA rules. In energy it discriminates against investors to favor state-owned companies like Pemex and the Federal Electricity Commission. As the American Petroleum Institute told the U.S. trade representative in its comments, Mexico has “violated its commitments in the USMCA persistently and with impunity.” One goal of the USMCA is to raise North American competitiveness worldwide, and to get there the continent needs an integrated energy market."

"trade with the neighbors is making us richer." 

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