Tuesday, July 30, 2013

Our Most Important Trade Partners?

Thomas L Friedman writes
I wonder how many Americans know that we sell twice as many exports to Mexico as to China, and we export more than twice as much to Mexico and Canada as to the European Union and three times as much as we do to East Asia. I wonder how many Americans know that out of every $1 of Mexican exports to the U.S., 40 cents comes from materials and parts made in the U.S. By comparison, out of every $1 of Chinese exports to the world, just 4 cents comes from products made in the U.S., according the National Bureau of Economic Research. And, with the discovery of natural gas in America leading to more manufacturing returning to this country, and the prospect of pending energy reform in Mexico, there is an opportunity to create the lowest-cost, clean-energy manufacturing platform in the world, with mutually beneficial supply chains crisscrossing the continent
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