Auto Industry In Mexico
I found this in the internet today. Mexico becoming a major force in world’s automotive industry By Tim Johnson AGUASCALIENTES, Mexico -- It might be a stretch to describe Aguascalientes i...
Forum Discussion
Maquiladoras are not only found along the border. Almost everywhere we go in Mexico we see industrial zones of assembly plants. Some years ago I read a story about some of the plants around Queretaro. Many assemble things like wiring harnesses for cars and trucks built in the US. If you check your car or motorhome you might find labels/tags saying “Assembled in Mexico”. We have also seen places where they make steering wheels. Those beautiful shiny aluminum “Accuride” and Alcoa wheels (as well as steel wheels) are made in Mexico. Many other parts found on US built vehicles such as alternators and power steering systems are made in Mexico.
Mexico is a US trade partner – meaning they not only produce products sold in the US but they purchase products made in the US. US imports most from China, Canada, Mexico in that order. US exports most to Canada and Mexico in that order. The US trade deficit with Mexico is about 4% meaning Mexico buys 4% less from the US than the sell Mexican made products in the US. That is what a trade partner does. The US would prefer to sell more to Mexicans than the US buys Mexican made products. The economics of how this is supposed to work is the more money the Mexican people have the more they can buy – and much of what they buy is made in the US. If the Mexican people have more jobs and better jobs making more money they can afford to buy more products made in the US. Trying to sell US made products to poor countries does not work. By comparison China has about a 30% deficit with the US – meaning the people of the US buy more “Made in China” products than the Chinese people buy products made in the US. Canada is the best trade partner the US has with a deficit of only about 3%. . . http://www.census.gov/foreign-trade/statistics/highlights/toppartners.html . . . . It is economically important to the US to have partners that buy lots of goods made in the US. Mexico is second only to Canada when it comes to buying goods made in the US. That is good for the US economy.
Mexico is a US trade partner – meaning they not only produce products sold in the US but they purchase products made in the US. US imports most from China, Canada, Mexico in that order. US exports most to Canada and Mexico in that order. The US trade deficit with Mexico is about 4% meaning Mexico buys 4% less from the US than the sell Mexican made products in the US. That is what a trade partner does. The US would prefer to sell more to Mexicans than the US buys Mexican made products. The economics of how this is supposed to work is the more money the Mexican people have the more they can buy – and much of what they buy is made in the US. If the Mexican people have more jobs and better jobs making more money they can afford to buy more products made in the US. Trying to sell US made products to poor countries does not work. By comparison China has about a 30% deficit with the US – meaning the people of the US buy more “Made in China” products than the Chinese people buy products made in the US. Canada is the best trade partner the US has with a deficit of only about 3%. . . http://www.census.gov/foreign-trade/statistics/highlights/toppartners.html . . . . It is economically important to the US to have partners that buy lots of goods made in the US. Mexico is second only to Canada when it comes to buying goods made in the US. That is good for the US economy.
