The Truth Behind Trump, The Auto Sector And Mexico Automotive Industry Statistics
Mexico automotive industry newsMEXICO CITY—By attacking the North American Free of charge Trade Agreement, promising a U.S.-Mexico border wall and embracing protectionist policies, President Trump has managed to dent Mexico’s auto market more than the final year. The depth of the US-Mexico trade connection also increases the odds of our base situation. If the United States decides to leave the NAFTA agreement, the US government would experience robust opposition from each industry and person US states. The total annual sum of trade between the two economies grew from USD 81.five billion in 1993 to USD 557 billion in 2017. In 2017, Mexico was the location of ten.6% of total US exports, which represents 1.3% of the 2017 estimated GDP. Concerning total imports, ten.8% came from Mexico (1.six% of GDP). According to a study by Atlantic Council, a United States believe tank, the US states most integrated with Mexico are New …
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